Quick Read
-
STX has surged 382% in a year and sits just 11% below $1,000, with the bull case model reaching that milestone by February 2027.
-
FY27 EPS estimates jumped from $28 to $36 in 30 days on 20 upward revisions, with nearline capacity nearly fully allocated through 2027.
-
CEO Dave Mosley confirmed HAMR is qualified with five of the world’s largest cloud customers, making hyperscaler capex the primary risk to the thesis.
-
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Seagate Technology didn’t make the cut. Enter your email to see the names that beat STX. The report is free. Enter your email and see if any of your stocks made the cut.
Seagate has turned into one of the most improbable megacap breakouts of this cycle. The stock has rallied 229.23% year to date and 381.82% over the past year on the back of a hyperscaler-driven mass-capacity storage cycle that management calls structural.
Seagate Technology (NASDAQ:STX) now trades at $904.38, and the obvious question is whether the next round number is coming into view. Can this hard drive maker really print a $1,000 handle, and if so, when?
Why STX Has Cooled Off After a Historic Run
Shares are not truly stuck, but momentum has flattened out. STX is up 10.74% over the past week and 11.27% over the past month, yet the stock still sits below its 52-week high of $1,144.18. The pullback from that peak reflects a few real issues.
Insider activity has skewed net selling, and management continues to flag geopolitical tensions, including the ongoing conflict in the Middle East, plus tariff exposure. Volatility is also a factor, with a beta of 2.09. When a stock has already gained fourfold in a year, digestion is normal. The setup is not broken, but investors are demanding proof that FY27 numbers show up.
Free Report, Just Released
Why Didn’t STX Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
And STX didn’t make the cut!
The report is free, and you can see why we think each stock is a top investment today.
Enter Your Email and See the Ten →
Wall Street Sees Upside, but Our Model Says Fair Value
The Wall Street consensus target sits at $1,125, backed by 4 strong buy, 18 buy, 2 hold, 0 sell, and 1 strong sell ratings. Our internal model is more cautious, with a base case of $925.40, upside of just 2.32%, and a hold rating at 0.9 confidence. The optimistic one-year scenario, however, points to $1,218.61.
