Seagate Technology has seen a remarkable five-year stock gain of over 980%, driven by strong demand for its HAMR hard drive technology used by cloud giants to store AI data. Despite a recent price dip, the company reported 34% revenue growth in FY2026 and expects continued expansion with a 20% minimum annual growth target. Analysts project a 13.6% stock price increase to $946.08 over the next year, supported by nearline capacity nearly fully allocated through 2027. Risks include heavy reliance on hyperscalers and potential dilution from debt, but overall, Seagate's structural growth in AI data storage positions it well for the future.
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...
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...
