SEAGATE TECHNOLOGY HOLDINGS PLC: UBS Increases Target Price from $385 to $440
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy STX?
Source: moomoo
Company Overview: SEAGATE TECHNOLOGY HOLDINGS PLC is a technology company known for its data storage solutions.
Stock Price Increase: The company has raised its target price to $440 from a previous $385, indicating positive market expectations.
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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: 362.430
Low
150.00
Averages
310.39
High
465.00
Current: 362.430
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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- Demand and Price Expectations: Analysts expect the combined revenue of Western Digital and Seagate to grow at a 24% CAGR from FY25 to FY30, driven by 24% bits growth and stable average selling prices, suggesting robust market demand.
- Technology Impact Assessment: Although the TurboQuant algorithm achieved a six-fold reduction in KV cache memory and eight-fold inference performance gains on Nvidia H100 GPUs, Bernstein analysts noted that it has no impact on HDD demand, primarily affecting GPU HBM or system DRAM, indicating stable demand for HDDs.
See More
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- Micron Stock Plunge: Micron Technology's shares fell nearly 10% on Monday, marking a roughly 30% decline since its blowout earnings report on March 18, indicating market apprehension regarding its future prospects, especially following the new technology announcement.
- Diverging Investor Sentiment: While retail sentiment for Micron remains 'extremely bullish' on Stocktwits, sentiment for SanDisk and Western Digital is 'bearish,' reflecting differing market expectations and concerns over the NAND market's vulnerability.
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See More
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- Declining Bond Yields: The 10-year T-note yield dropped by 8 basis points to 4.34%, reflecting market fears that the ongoing war in the Middle East could lead to fuel shortages, potentially suppressing expectations for Fed rate hikes and highlighting economic growth uncertainties.
- Rising Crude Oil Prices: Crude oil prices surged over 3% to a three-week high due to Iranian attacks on the Strait of Hormuz, indicating severe threats to global energy supply chains, which could lead to soaring prices in the future and impact the global economy.
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See More
