
STX Stock Forecast & Price Target
STX Analyst Ratings
Bulls say
Seagate Technology Holdings has demonstrated robust financial performance, with Data Center revenue reaching $2.1 billion, reflecting a 34% year-over-year growth and now constituting 80% of total revenue, driven by accelerating demand from hyperscale cloud providers. Furthermore, the company reported a non-GAAP gross margin increase to a record 40.1%, signaling enhanced operational efficiency and profitability, alongside a solid overall revenue of $2.63 billion for the quarter, which exceeded estimates and reflected an 8% quarter-over-quarter rise. The promising trajectory of the HAMR product roadmap and strong cloud customer demand positions Seagate favorably for sustained growth into fiscal year 2027.
Bears say
Seagate Technology's financial outlook appears negative primarily due to the significant decline in its Edge/IoT segment, which decreased 11% quarter-over-quarter and 12% year-over-year, indicating weaker consumer and client demand. Although non-GAAP earnings per share exceeded expectations, the overall revenue performance reflects troubling trends within one of its critical market segments. Despite stable gross debt and decreased net leverage, these factors may jeopardize future growth potential and investor confidence in the company's ability to navigate challenging market conditions.
This aggregate rating is based on analysts' research of Seagate Technology Holdings PLC and is not a guaranteed prediction by Public.com or investment advice.
STX Analyst Forecast & Price Prediction
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