Margin Potential | Operating margins projected to reach 51-55 percent as HAMR deployment reduces costs per terabyte and contract negotiations leverage supply constraints |
Market Positioning | Long-term contracts anchored to nearline HDD demand provide revenue visibility while tight supply conditions create favorable pricing dynamics for disciplined manufacturers |
Analyst Outlook | Price targets surged from $425 to $1,000 between January and May 2026, with average targets around $708, reflecting confidence in execution and market positioning |
Technology Edge | Seagate's HAMR technology advances storage density capabilities, attracting new customers and positioning the company as a leader in next-generation data storage solutions |

Metrics to compare | STX | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSTXPeersSector | |
|---|---|---|---|---|
P/E Ratio | 59.6x | 15.3x | 12.6x | |
PEG Ratio | 0.57 | −0.21 | 0.01 | |
Price / Book | 87.6x | −0.7x | 2.4x | |
Price / LTM Sales | 15.6x | 2.0x | 2.3x | |
Upside (Analyst Target) | 36.1% | 18.6% | 32.4% | |
Fair Value Upside | Unlock | −17.2% | 3.6% | Unlock |
Seagate Technology Holdings plc engages in providing data storage solutions in Singapore, the United States, the Netherlands, and internationally. The company offers External and internal hard drives; external and internal solid-state drives (SSDs); enterprise hard drives and SSDs; data storage systems; network attached storage (NAS) hard drives; video and analytics hard drives; and hyperscale and cloud solution. It offers its products for Healthcare, Media & Entertainment, Surveillance & Security, and telecommunication industry. The company sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.