From Financial Modeling Prep: 2025-05-26 09:05:00

Seagate Technology Holdings plc, listed as NASDAQ:STX, is a key player in the data storage sector, catering to the increasing demand for mass-capacity storage solutions driven by technological advancements and AI. Competitors like Western Digital and Toshiba operate in the same space. Analyst Vijay Rakesh set a price target of $130 for STX, indicating a potential 15.31% increase from the current $112.74 price.

At Seagate’s 2025 Investor and Analyst Conference, CEO Dave Mosley and CFO Gianluca Romano outlined the company’s strategic focus on leveraging innovation to drive growth. Financial institutions like Morgan Stanley and Wells Fargo Securities attended, emphasizing the event’s significance. Seagate’s emphasis on AI and data growth positions it well in meeting the rising storage demand.

STX is currently trading at $112.74, with a recent increase of 3.56%. The stock’s price has fluctuated between $108.43 and $113.15 today, reflecting market dynamics. Over the past year, STX has seen a high of $115.32 and a low of $63.19, indicating volatility and growth potential. With a market capitalization of around $23.93 billion and positive analyst outlook, Seagate appears well-positioned to capitalize on industry trends and deliver value to shareholders.



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