Stock Price & Analysis

Buy STX stock as strong earnings, improving margins, and positive analyst sentiment indicate continued growth.

Seagate Technology Holdings plc (STX) is expected to reach a price range of $115 to $135 by 2025. This prediction is based on strong Q2 earnings, revenue growth of 50% year-over-year, and optimism around HAMR technology adoption. Analysts maintain a "Moderate Buy" rating with a mean price target of $122.11, supported by improving profitability and expanding margins.

The S1 support level for STX Stock is $83.85 ,The R1 resistant level for STX Stock is $89.35.

As of the end of day on 2025-04-02, the price of STX Stock was $81.65.

The target price for STX Stock according to analyst rating is 120.75, with the highest price target at 160.00 and the lowest at 68.00. Analysts have a Moderate Buy rating on STX Stock overall.

The market cap of STX is $18.1B.

Analysis and Insights

Valuation Metrics:

Seagate Technology Holdings PLC (STX) currently trades at $88.27, with key valuation metrics indicating a mixed outlook. The forward P/E ratio of 15.87 and EV/EBITDA of 14.34 suggest moderate valuation levels compared to historical averages. However, the price-to-sales (P/S) ratio of 2.36 and price-to-book (P/B) ratio of 3.23 indicate a premium relative to its peers.

Analyst Sentiment:

Recent analyst adjustments show a cautious yet constructive view. Citigroup lowered its price target to $115 from $125 while maintaining a Buy rating, citing global minimum tax impacts offset by favorable industry dynamics. Morgan Stanley also adjusted its target, reflecting supply chain uncertainties but expecting a revenue rebound.

Technical Trends:

The stock has shown resilience near the $86 support level, with recent price action suggesting stabilization. The relative strength index (RSI) near 50 indicates neutral momentum, with no clear overbought or oversold signals.

Conclusion:

While STX's valuation appears elevated on a P/B basis, its forward P/E and EV/EBITDA suggest it is not significantly overvalued. Analyst sentiment remains positive despite lowered targets, and technical indicators show stability. STX is fairly valued at current levels.

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.

Seagate Technology Holdings PLC (STX) is expected to reach a price of $135 by 2030 in a base-case scenario, driven by strong demand for high-capacity storage solutions and improving profitability margins.

The stock could potentially reach $160 in a bullish scenario, supported by the company's leadership in HAMR technology and growing AI-driven storage demand.

STX has a total of 33400 employees.