WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

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From: Unwelcomeguest	4/8/2020 10:52:31 AM
	1 Recommendation Read Replies (1) of 4826

Cowan has trimmed their PT to 'only' $75. I would be perfectly fine with that, actually. This was published on Seeking Alpha at: seekingalpha.com Cowen trims semis on low visibility Apr. 8, 2020 7:40 AM ET\|About: Seagate Technology plc (STX)\|By: Brandy Betz, SA News Editor Cowen lowers targets for semiconductor companies, noting the "impossible to determine" downsides in the current macro environment. Analyst Karl Ackerman says that revenue "may contract another 20%" and gross margins could fall 600 bps, based on data from past recessions. Cuts: Seagate (NASDAQ: STX) from $65 to $50, Western Digital (NASDAQ: WDC) from $88 to $75, Qorvo (NASDAQ: QRVO) from $130 to $110, Skyworks Solutions (NASDAQ: SWKS) from $130 to $110.

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