Seagate Technology has locked in nearline hard drive orders with set pricing and configurations through the end of 2027, signaling strong demand visibility. The company expects its HAMR technology to support at least 25% annual growth in data capacity over the next two to three years while maintaining stable drive unit shipments. Morgan Stanley forecasts HDD demand will outpace supply, causing shortages lasting until at least 2028. Despite these positive trends, the author is cautious due to macroeconomic risks and is lowering conviction on Seagate, though the core HDD pricing outlook remains solid.
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...
