Seagate Technology Holdings plc has been upgraded to a Buy rating with a year-end 2027 price target of $1,034, reflecting improved earnings estimates and an attractive valuation. The company benefits from strong volume growth, 40% price increases, and guidance that revenue growth in 2027 will significantly outpace 2026. Demand for hard disk drives (HDDs) is increasingly driven by AI data centers, with AI's share of exabyte demand expected to rise from 18% in 2026 to 43% by 2028. While risks include potential delays or cancellations in AI data center projects and uncertain long-term AI monetization, HDDs remain essential for cost-effective mass data storage.
Seagate Technology Holdings PLC shares trade at USD 691.55 on Pluang as of Oct 30, 2026 02:21 WIB, down 0.92% in the last day. The stock's market cap stands at $160.53 billion, reflecting its significant presence in the technology sector. Despite the recent downgrade in price, investor sentiment on Pluang shows 83% selling activity against 17% buying interest.
Sandisk's stock fell 23% over the past month due to concerns over AI spending but surged 6% following Seagate's strong quarterly report showing 61% revenue growth and robust storage demand. Seagate's CEO highlighted long-term supply agreements throug...
Seagate Technology increased its quarterly dividend by 2.7% to $0.76 per share, yet the dividend yield fell to about 0.5% due to a significant rise in its stock price, which surged over 170% in the past year. This price jump reflects strong margin gr...
SK Hynix surged 7% after reporting a record quarter driven by strong AI memory demand and warning that shortages could last through 2030. Micron also rose 3% on similar market dynamics. In contrast, Seagate fell 2% despite beating revenue and earning...
Seagate reported record free cash flow and locked in supply contracts through 2030, reflecting strong demand for its hard drives driven by AI and cloud storage growth. Despite revenue rising 61% year-over-year to $4.23 billion and improving margins, ...
Seagate Technology's stock dropped 27% in the last month despite posting record earnings and beating revenue and EPS expectations. The decline is mainly due to investor concerns about the sustainability of AI infrastructure spending. However, Wall St...
