
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology, symbol STX-Q, finds itself in a complex situation amidst a rising demand for storage solutions. While experts acknowledge its strong pricing power due to memory shortages, concerns about high valuation persist, particularly as shares trade at a significant PE ratio. The company's performance has been impressive, with a notable increase of up to 63% this year, although some analysts caution against its already elevated pricing metrics. As the company prepares to report its earnings, expectations are high for a strong performance to maintain momentum in its stock price. The varied opinions highlight a blend of optimism regarding future potential and caution about current valuations.
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 37 investors on Stockchase and is a trending stock that is worth watching.
On 2026-09-04, Seagate Technology (STX) stock closed at a price of $849.28.
Too pricey at 50x 2027's PE.