“`html
Seagate Technologies (NASDAQ: STX) is poised for significant growth due to its capability to deliver AI-capable hard drives for the data center industry. The company has seen over a 100% increase in stock price over the past year, with a 20% surge occurring in just the last 30 days. Analysts project further growth potential, estimating a price range of high-$300s to mid-$400s, representing 45% to 75% upside from current levels.
As of mid-November, 25 analysts tracking Seagate have reported a 31% increase in coverage over the past year, with 76% of recommendations rated as “Buy” or higher. Approximately 90% of Seagate’s stock is owned by institutional investors, contributing to a strong support base as they continue to buy on balance throughout 2025.
Seagate also offers a $2.96 annual dividend, yielding 1.15%, and expects to enhance its dividends in the future as demand driven by AI bolsters revenue and cash flow. The company’s recent performance indicates a shift towards financial stability, with reductions in debt and improvements in cash flow metrics.
“`
