Seagate's stock fell 30% in a month even as its revenue jumped 48.5% to $3.63 billion, beating estimates and locking in demand through 2028. The company’s CEO highlighted that 90% of shipments now serve data centers, with new HAMR technology driving growth by increasing storage capacity and margins. Wall Street remains bullish with a $794 price target, seeing 24% upside, though risks include reliance on hyperscalers and geopolitical issues. Investors should watch upcoming earnings and contract renewals for signs of sustained demand or potential cutbacks.
Seagate Technology Holdings PLC has a market cap of $146.49 billion and a dividend yield of 0.46% as of Oct 27, 2026 20:02 WIB on Pluang. The stock price is currently USD 656.01, up 1.83% in the past day, with a typical hold time of 43 days among Pluang investors. Order activity is fairly balanced, with 52% buying and 48% selling, indicating steady interest in the stock despite recent volatility.
AI-related stocks have surged unevenly across four key sectors: semiconductor memory, HDD storage, semiconductor equipment, and AI computing platforms. Micron and SK hynix lead with strong memory demand but face concerns over peak profits. HDD makers...
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 be...
