
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology (STX-Q) has garnered mixed reviews from experts, reflecting both optimism and caution. The recent surge in their share price, attributed to strong demand and pricing power in the memory storage sector, has raised expectations ahead of its earnings report. Analysts note a significant increase in share prices, up around 25% this year, but caution that the current price-to-earnings ratio (PE) appears steep at 50x based on projected earnings for 2027. While some experts praise the company's solid demand and pricing, others warn that the stock may be overvalued given its high PE ratio and the ongoing challenges in ramping up production capacity. Overall, there is anticipation for strong performance in their upcoming report, but considerable skepticism about sustaining growth levels is present.
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 DON'T BUY. Read the latest stock experts' ratings for Seagate Technology.
Seagate Technology was recommended as a Top Pick by Jim Cramer - Mad Money on 2026-05-18. 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 2026-07-27, Seagate Technology (STX) stock closed at a price of $824.72.
Too pricey at 50x 2027's PE.