STX shares are up 118% in six months as AI-driven data center demand, new Exos systems, and HAMR advances power results and capital returns.
STX boosts shareholder returns with a 3% dividend hike, resumed buybacks and a commitment to return at least 75% of free cash flow.
Seagate (STX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
I reaffirm my positive outlook on Seagate Technology (STX), given the HAMR ramp-up strategy into 2026. HAMR will position Seagate as a leader and unlock multiple opportunities for the company in 2026. STX posted a strong double-beat quarter, driven by HAMR ramp. Despite the stock price surge, STX trades at an FWD PEG below the sector median, remaining undervalued relative to peers and offering continued upside.
STX enters fiscal 2026 with strong momentum as AI-driven data growth boosts demand for its high-capacity Mozaic storage platform.
Seagate Technology Holdings plc (STX) Presents at 53rd Annual Nasdaq Investor Conference Transcript
Seagate Technology Holdings plc (STX) Presents at UBS Global Technology and AI Conference 2025 Transcript
Seagate Technology is a top S&P 500 performer in 2025, benefiting from the AI infrastructure boom and strong cloud storage demand. STX posted robust earnings, raised guidance, and increased its dividend, with management targeting significant HAMR drive penetration and strong free cash flow returns. Valuation remains attractive with a compelling PEG ratio and about 20% upside potential, despite some elevated price-to-sales metrics and competitive risks from WDC.
Seagate (STX) reported earnings 30 days ago. What's next for the stock?
Soaring AI-driven storage demand lifts both Seagate and Micron. However, MU's valuation keeps it in the spotlight.
Seagate's revamped model and surging data center demand fuel stronger growth prospects as Mozaic drive adoption accelerates.
STX posts record margins as demand for its high-capacity Mozaic HAMR drives surges, raising the stakes as cloud and AI workloads drive storage expansion.