
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology (STX-Q) is currently facing mixed reviews from experts in the market. Some analysts express concern about the company's high price-to-earnings (PE) ratio, suggesting it is too pricey at 50x 2027's PE, while others highlight its strong pricing power due to robust demand for memory storage. Recent trends indicate that shares have surged significantly, with one expert noting a spike of 19% in a single day attributed to the ongoing storage shortage. Additionally, there is cautious optimism ahead of an upcoming earnings report, with the anticipation that the company can meet or exceed expectations despite the high stock price. With the stock up 63% this year and one of the top performers in the S&P, some analysts remain wary of its valuation, suggesting that it may be too high given current performance metrics.
Just bought this for the first time. AI is driving a new refresh cycle in PCs. Also, we haven't upgraded PCs in 4-5 years. Dell just said their PC business was up 3% instead of the expected -2%. HPQ will see growth in the second half of this year, for the first time in 2 years. Also, AMD said last Sunday that their AI PC chips are 5x the speed of existing chips. Seagate leads this sector. Gross margins are poised to go higher. Margins could expand 1,000 basis points year over year. They have pricing power and volumes are rising. She might be early on it, but that's fine.
Seagate Technology is a American stock, trading under the symbol STX (previously STX-Q on Stockchase) on the NASDAQ (STX). It is usually referred to as NASDAQ:STX or STX
In the last year, 5 stock analysts issued a Buy, Sell, or Hold rating on STX (previously STX-Q on Stockchase). 4 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is PAST TOP PICK. Read the latest stock experts' ratings for Seagate Technology.
Seagate Technology was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2021-04-15. Read the latest stock experts ratings for Seagate Technology.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Seagate Technology.
Seagate Technology is followed by 36 investors on Stockchase and is a trending stock that is worth watching.
On 2026-07-06, Seagate Technology (STX) stock closed at a price of $868.26.
Too pricey at 50x 2027's PE.