Technical Analysis
STX has shown a bearish trend in the past week, with the stock closing at $85.66 on February 16, down from $87.21 on February 12. The stock has formed a descending pattern with lower highs and lower lows.
News Sentiment & Fundamental Drivers Recent news indicates strong positive sentiment for STX, particularly due to:
Price Prediction for Next Week Based on technical and fundamental analysis:
Target Prices:
Statistical Analysis shows:
Trading Recommendation: BUY Reasons:
Price Targets:
The stock is expected to rebound from current levels due to:
The price of STX is predicted to go up 1.89%, based on the high correlation periods with MMM. The similarity of these two price pattern on the periods is 96.54%.
STX
MMM
Year
STX Price Forecast($)
Potential Return(%)
2025
99.000
11.400
2026
125.000
29.720
2027
140.000
45.290
2028
140.000
45.290
2029
145.000
50.480
2030
180.000
86.800
We think strong demand for Seagate's nearline drives will power mid-single-digit top-line growth in the short term as enterprises look to store the growing amount of data they generate.
We expect advancements to larger capacities and new technologies like HAMR to modestly expand Seagate's midcycle gross margin.
Seagate has maintained a trailing 12-month dividend yield above 3% every fiscal year since 2016, making it a leader among our technology coverage.
B of A Securities
2025-01-22
Price Target
$124 → $130
Upside
+20.17%
Mizuho
2025-01-10
Price Target
$130 → $110
Upside
+23.78%
Benchmark
2024-10-23
Price Target
n/a
Downside
0%