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  4. Forecast

Stock Price Prediction

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STX
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STX Price Prediction Next Week

Technical Analysis: Based on the latest data, STX has shown strong momentum with RSI at 79.61, indicating an overbought condition. The stock has surged more than 10% in the past week following strong Q2 earnings results.

Fundamental Analysis & Recent Events:

  • Q2 FY25 revenue reached $2.33 billion, beating consensus expectations
  • Management provided Q3 guidance with adjusted EPS of $1.70 at midpoint
  • The company is experiencing supply chain issues that will impact March quarter revenues by approximately $200 million

Price Targets & Analyst Views:

  • Cantor Fitzgerald maintains Neutral rating with $120 price target
  • Wells Fargo lowered price target from $120 to $110 with Equal-Weight rating
  • Morgan Stanley raised CY25 EPS estimate to $8.85 from $8.60

Next Week Price Prediction: Based on technical and fundamental factors:

  • Support levels: $98.92 (Fibonacci pivot)
  • Resistance levels: $108.57 (Fibonacci R1), $114.53 (Fibonacci R2)

Given the overbought RSI conditions and known supply chain headwinds for Q3, STX is likely to experience some profit-taking next week. The stock could pull back to test the Fibonacci pivot level around $98.92.

Recommendation: SELL

  • Entry: Current price ($109.17)
  • Target: $98.92
  • Stop loss: $114.53

The high RSI reading combined with known supply chain issues creates a higher probability of a short-term pullback. While long-term fundamentals remain positive with strong AI-driven demand and HAMR technology implementation, the risk/reward ratio favors taking profits at current levels.

Technical Analysis: Based on the latest data, STX has shown strong momentum with RSI at 79.61, indicating an overbought condition. The stock has surged more than 10% in the past week following strong Q2 earnings results.

Fundamental Analysis & Recent Events:

  • Q2 FY25 revenue reached $2.33 billion, beating consensus expectations
  • Management provided Q3 guidance with adjusted EPS of $1.70 at midpoint
  • The company is experiencing supply chain issues that will impact March quarter revenues by approximately $200 million

Price Targets & Analyst Views:

  • Cantor Fitzgerald maintains Neutral rating with $120 price target
  • Wells Fargo lowered price target from $120 to $110 with Equal-Weight rating
  • Morgan Stanley raised CY25 EPS estimate to $8.85 from $8.60

Next Week Price Prediction: Based on technical and fundamental factors:

  • Support levels: $98.92 (Fibonacci pivot)
  • Resistance levels: $108.57 (Fibonacci R1), $114.53 (Fibonacci R2)

Given the overbought RSI conditions and known supply chain headwinds for Q3, STX is likely to experience some profit-taking next week. The stock could pull back to test the Fibonacci pivot level around $98.92.

Recommendation: SELL

  • Entry: Current price ($109.17)
  • Target: $98.92
  • Stop loss: $114.53

The high RSI reading combined with known supply chain issues creates a higher probability of a short-term pullback. While long-term fundamentals remain positive with strong AI-driven demand and HAMR technology implementation, the risk/reward ratio favors taking profits at current levels.

STX Similar Chart Price Prediction

The price of STX is predicted to go up 3.55%, based on the high correlation periods with BKR. The similarity of these two price pattern on the periods is 98.19%.

stocks logo

STX

stocks logo

BKR

Up: 3.55%Similarity: 98.19%

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

110.000

23.780

2027

125.000

40.650

2028

125.000

40.650

2029

150.000

68.790

2030

125.000

40.650

What is STX stock price prediction 2025 ?

STX stock is predicted to reach $99 by the end of 2025. This projection is based on Seagate's recovery from the 2023 slump, with expected revenue growth driven by increasing demand for HDDs in data-heavy applications and AI storage needs. Analysts' recent price targets and Seagate's strong market position in mass-capacity storage further support this forecast.

What is STX stock price prediction 2026 ?

STX stock is predicted to reach $110 by 2026. This projection is based on its strong positioning in data storage solutions, expected revenue growth driven by AI and cloud demand, and analysts' optimistic price targets (e.g., Wedbush's $150 target). However, near-term challenges in enterprise demand may moderate growth.

What is STX stock price prediction 2027 ?

STX stock is projected to reach approximately $125 by 2027. This estimate is based on a combination of Seagate's expected revenue growth (CAGR ~13.5%) driven by increasing demand for HDDs in data-heavy applications and its improving profitability metrics. Additionally, analysts' optimistic outlook and the company's market leadership in the HDD segment support this valuation.

What is STX stock price prediction 2028 ?

STX stock is projected to reach approximately $125 by 2028. This estimate is based on a compound annual growth rate (CAGR) of 13.5%, driven by increasing demand for HDDs in data-heavy applications and Seagate's strong market position. Additionally, analysts expect revenue growth and margin stability to support this price target.

What is STX stock price prediction 2029 ?

STX stock is projected to reach $150 by 2029, driven by increasing demand for HDDs in data-heavy applications like AI, cloud storage, and media. Analysts expect a 17% CAGR in revenue, with Seagate's market share potentially rising to 48% of a $56.5B HDD market. This growth is supported by its leadership in mass-capacity storage and expanding profitability.

What is STX stock price prediction 2030 ?

STX stock is projected to reach approximately $125 by 2030, driven by increasing demand for mass-capacity HDDs in data-heavy applications like AI, cloud storage, and media. Analysts expect a compound annual growth rate (CAGR) of around 13.5% in revenue, supported by Seagate's strong market position and technological advancements. However, competition from SSDs and potential market risks could moderate growth.

STX Revenue Forecast

STX EPS Forecast

STX FAQs

What is bull‘s view on STX?

Seagate Technology (STX) is currently trading at $87.42. Analysts have mixed views, with bullish targets like $150 from Wedbush, citing strong demand for high-capacity drives and cloud growth, implying a 71.6% upside. However, Goldman Sachs recently cut its target to $99, reflecting cautious sentiment on near-term demand challenges.

What is bear's view on STX?

STX stock currently trades at $87.42, with a bearish outlook due to recent price target cuts by analysts like Goldman Sachs, reducing it from $112 to $99, citing weaker demand and industry challenges. Additionally, its dividend yield of 3.23% may not offset concerns about limited growth prospects in the near term. The stock's downward momentum reflects cautious sentiment despite some optimism about AI-driven storage demand recovery.

What is STX revenue forecast for next quarter？

The market consensus for STX's revenue in the upcoming quarter is projected to be approximately $2.14B USD.

What is STX eps forecast for next quarter？

The market consensus for STX's eps in the upcoming quarter is projected to be approximately $1.744 USD.

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.

Ask Intellectia about STX

STX Analyst's Forecast

Wamsi Mohan

B of A Securities

Strong Buy

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

Price Target

$130 → $110

Upside

+23.78%

Mark Miller

Benchmark

Hold

Price Target

n/a

Upside

0%

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