
STX Stock Forecast & Price Target
STX Analyst Ratings
Bulls say
Seagate Technology Holdings is expected to capitalize on the production ramp of HAMR-based drives, leading to increased aerial density and higher average selling prices per drive, thereby driving margin expansion. As the first company to market with this advanced technology, Seagate is positioned to exceed industry demand, contributing to a robust 15%+ revenue compound annual growth rate over the next five years. Additionally, the company is projected to achieve gross margins improvement to 40%+, up from a historical average of 30%, supported by a strong 12-month backlog.
Bears say
Seagate Technology Holdings has adopted a build-to-order strategy, which restricts inventory levels and may hinder the company's ability to quickly respond to market fluctuations. While this approach offers some advantages like enhanced chain management and cost control, it could lead to challenges in meeting sudden demand spikes in both enterprise and consumer markets. Consequently, these operational limitations, paired with potential adverse market conditions, contribute to a negative outlook for the company's financial performance.
This aggregate rating is based on analysts' research of Seagate Technology Holdings PLC and is not a guaranteed prediction by Public.com or investment advice.
STX Analyst Forecast & Price Prediction
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