Seagate Technology Holdings plc (STX) has seen its stock surge 926% over the past five years, primarily driven by increased demand for data-center storage due to the artificial intelligence (AI) boom. For the fiscal fourth quarter of 2026, Seagate reported revenues of $3.63 billion, a 49% year-over-year increase, with overall fiscal year revenues reaching $12.2 billion, up 34% year-over-year.
The company’s gross margin improved to 52.3% in Q4 2026 from 37.4% a year earlier, while the fiscal year gross margin rose to 45.6% from 35.2%. Looking ahead, Seagate anticipates Q1 2027 revenues to range around $4.1 billion, and its projected earnings growth rates are 124.5% for the current year and 59.6% for the next. Currently, analysts have set the average short-term price target for STX at $1,141.82, indicating a potential 30% upside from its latest closing price of $878.21.
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