STX Price Prediction Next Week
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:
- AI-driven storage demand growth
- Successful HAMR technology implementation with 30TB hard disks shipping
- Strong Q2 FY25 performance with 50% y-o-y sales growth
- Analyst optimism with Citi maintaining a price target of $125
Price Prediction for Next Week Based on technical and fundamental analysis:
Target Prices:
- Support Level: $84.32 (recent low)
- Resistance Level: $88.74 (recent high)
- Expected Range: $86.50 - $89.00
Statistical Analysis shows:
- 55.85% probability of weekly price increase
- Median positive return: 6.96%
- Median negative return: 6.59%
Trading Recommendation: BUY Reasons:
- Strong fundamental backdrop with AI storage demand
- Positive analyst sentiment with multiple price targets above $120
- Technical indicators suggesting oversold conditions
- Statistical probability favoring upward movement
Price Targets:
- Short-term (1 week): $89.00
- Stop Loss: $84.00
The stock is expected to rebound from current levels due to:
- Oversold technical conditions
- Strong fundamental growth story
- Positive analyst sentiment
- Historical statistical patterns favoring upward movement
STX Similar Chart Price Prediction
The price of STX is predicted to go up 1.89%, based on the high correlation periods with MMM. The similarity of these two price pattern on the periods is 96.54%.
STX
MMM
Up: 1.89%Similarity: 96.54%
STX Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
STX Price Forecast($)
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
What is STX stock price prediction 2025 ?
What is STX stock price prediction 2026 ?
What is STX stock price prediction 2027 ?
What is STX stock price prediction 2028 ?
What is STX stock price prediction 2029 ?
What is STX stock price prediction 2030 ?
STX Revenue Forecast
STX EPS Forecast
STX FAQs
What is bull’s view on STX?
What is bear's view on STX?
What is STX revenue forecast for next quarter？
What is STX eps forecast for next quarter？
STX VS S&P500
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.
STX Analyst's Forecast
Wamsi Mohan
B of A Securities
Strong Buy
2025-01-22
Price Target
$124 → $130
Upside
+20.17%
Summit Insights analyst Kinngai Chan upgraded Seagate to Buy from Hold. The firm is positive on the company's HAMR HDD technology transition driving upside to its gross margin in the second half of FY25, also noting that the current favorable pricing environment and product mix at Seagate will continue, the analyst tells investors in a research note. HAMR technology will not only allow Seagate to increase its HDD capacity points but will also serve as a cost reduction to mid to lower-capacity HDDs, the firm added.
Vijay Rakesh
Mizuho
Buy
2025-01-10
Price Target
$130 → $110
Upside
+23.78%
Mark Miller
Benchmark
Hold
2024-10-23
Price Target
n/a
Downside
0%
