Valued at a market cap of $220.6 billion, Seagate Technology Holdings plc (STX) is a pioneer in mass-capacity data storage, delivering advanced solutions that help hyperscale cloud providers, enterprises, and consumers unlock the full value of their data. With more than 45 years of innovation, Seagate continues to drive sustainable, high-performance storage solutions that support digital transformation and growth at scale.
Shares of the electronic storage maker have significantly outpaced the broader market over the past 52 weeks. STX stock has climbed 539.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. Moreover, shares of the company have surged 258.7% on a YTD basis, compared to SPX's 13.6% gain.
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In addition, shares of the Singapore-based company have outperformed the State Street Technology Select Sector SPDR ETF's (XLK) 43.6% return over the past 52 weeks.
www.barchart.com Shares of Seagate rose 2.3% following its Q4 2026 results on Jul. 28 as the company reported better-than-expected revenue jumped 48.5% year-over-year to $3.63 billion and adjusted EPS of $5.71. The stronger outlook was the key catalyst, with Seagate forecasting better-than-expected Q1 2027 revenue of $4.1 billion ± $100 million and adjusted EPS of $7.30 ± $0.20, reflecting robust AI-driven demand for high-capacity HDDs.
Investors were also encouraged by Seagate’s HAMR technology, which increases storage density without costly new manufacturing lines, and management’s view that AI-driven data generation will support durable long-term mass-capacity storage demand as cloud companies expand infrastructure.
For the fiscal year ending in June 2027, analysts expect STX's EPS to surge 135% year-over-year to $34.42. The company's earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters.
Among the 26 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 22 “Strong Buy” ratings, one “Moderate Buy,” and three “Holds.”
www.barchart.com This configuration is slightly more bullish than three months ago, with 21 “Strong Buy” ratings on the stock.
On Jul. 29, Morgan Stanley analyst Erik Woodring raised Seagate Technology’s price target to $1,187 and maintained an “Overweight” rating.
The mean price target of $1,130.87 represents a 13.6% premium to STX's current levels. The Street-high price target of $1,600 implies a potential upside of 60.8%.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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