SEAGATE TECHNOLOGY HOLDINGS PLC: MIZUHO INCREASES TARGET PRICE FROM $475 TO $565
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Should l Buy STX?
Source: moomoo
Company Overview: SeaGate Technology Holdings PLC has raised its target price significantly.
New Target Price: The target price has increased from $475 to $565.
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Analyst Views on STX
Wall Street analysts forecast STX stock price to fall
18 Analyst Rating
14 Buy
3 Hold
1 Sell
Moderate Buy
Current: 531.810
Low
150.00
Averages
310.39
High
465.00
Current: 531.810
Low
150.00
Averages
310.39
High
465.00
About STX
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transport Bottlenecks: Approximately 200 specialized cryogenic shipping containers, valued at about $1 million each, are stranded in Qatar or in transit, and even if traffic through the Strait of Hormuz resumes, these containers will need to be repositioned and refilled before Asian chip foundries can receive new supplies.
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See More
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- Supply Chain Crisis: Qatar accounts for approximately 30% to 38% of the world's helium supply, and the force majeure declaration at its Ras Laffan facility has halted operations, causing chip manufacturers to face raw material shortages that could lead to reduced chip yields and increased market prices.
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- Oil Price Plunge: WTI crude prices fell over 11% to a five-week low after Iran announced the Strait of Hormuz is fully open, easing inflation concerns and causing the 10-year T-note yield to drop 7 basis points to 4.24%.
- Strong Earnings Season: The earnings season started robustly, with 81% of the 48 S&P 500 companies reporting Q1 earnings exceeding estimates, projecting a 12% year-over-year increase in earnings, providing strong support for the stock market.
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- Oil Price Plunge: WTI crude oil prices fell over 13% to a five-week low after the Strait of Hormuz reopened, easing inflation concerns and causing the 10-year Treasury yield to drop by 8 basis points, further supporting the bond market.
- Earnings Growth Expectations: Q1 earnings for the S&P 500 are projected to increase by 12% year-over-year, although excluding the tech sector, growth is only 3%, indicating resilience in corporate performance amid economic recovery and providing market support.
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- Price Target Increase: The firm raised Seagate's price target from $525 to $600, reflecting analysts' confidence in the company's technological transition, particularly as it has begun shipping next-generation HAMR solutions to data center customers.
- Financial Performance Expectations: Seagate is anticipated to report adjusted EPS of $3.48 and revenue of $2.95 billion in its fiscal 2026 Q3 earnings, a significant increase from $1.90 EPS and $2.16 billion revenue in the same quarter last year, indicating ongoing improvement in profitability.
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See More
