Seagate Technology will report its fiscal Q1 earnings on October 27, following a 31.7% stock drop over the past month due to fears of oversupply in the AI storage market. Despite recent strong financial results, including record revenue and profit beats, concerns have risen after Toshiba announced plans to increase AI data center hard drive capacity. Investors will closely watch Seagate's pricing power, contract coverage extending into 2028 and beyond, and progress on its new Mozaic 4 HAMR platform. Management's ability to demonstrate firm pricing and long-term contracts could ease oversupply worries and support the stock's recovery.
As of October 24, 2026, 20:41 WIB, Seagate Technology (STX) trades at USD 630.43 on Pluang, down 1.82% for the day and significantly below its 52-week high of USD 1.09K, highlighting ongoing market caution despite recent strong earnings. The stock's 52-week low of USD 223.00 contrasts sharply with current levels, reflecting substantial recovery potential amid oversupply concerns. Pluang investors show strong interest, with 85% buy orders and a typical hold time of 42 days, indicating confidence in Seagate's long-term prospects despite near-term volatility.
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
