Seagate's stock has surged over 380% in the past year, driven by strong demand for data storage from hyperscalers and new technology like HAMR. Currently trading around $904, analysts see potential for the stock to reach $1,000 within 12 to 27 months if key factors align, including successful product ramp-up and stable pricing. Risks include a slowdown in cloud spending or production issues. The bullish outlook is supported by rising earnings estimates and strong industry positioning in AI data center growth.
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...
