Why Has Seagate Technology Stock Doubled Since 2018 Despite Just 7% Sales Growth?
- Friday, March 25, 2022, 7:10
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Seagate Technology stock price gained 137% from around $38 at 2018 end, to over $90 currently, primarily due to favorable changes in its P/S multiple. However, the company witnessed just a 7% rise in revenue over this period, but revenue per share has increased, helped by a 23% drop in the…
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