Seagate shares hit record $843, up 630% in a year, with analysts raising targets amid tech advances and cloud growth.

Seagate Technology's stock soared to a record $843.28 on May 26, 2026, marking a 630%+ gain over the past year driven by strong demand in cloud storage and advancements in HAMR technology. Analysts from BofA Securities and Evercore ISI raised price targets to $900 and $1,000 respectively, citing the company's Mozaic 3 platform's success and growing cloud revenue now at 65% of total sales. The company also reported better-than-expected quarterly results and is advancing Mozaic 4 technology with major clients. This bullish outlook reflects confidence in Seagate's ability to capitalize on expanding data storage needs and maintain premium pricing.