
STX Stock Forecast & Price Target
STX Analyst Ratings
Bulls say
Seagate Technology Holdings has reported strong financial performance, guiding March quarter revenue to approximately $2.9 billion, reflecting a year-over-year increase of 34% at the midpoint, alongside a sequential growth of 3%. The company has experienced robust demand in its Data Center segment, with revenues reaching $2.22 billion, making up 79% of total revenue, driven by continued strength from global cloud customers. Additionally, free cash flow per share surged by 40% quarter-over-quarter and 281% year-over-year to $2.69, highlighting the company’s operational efficiency and solid cash generation capabilities.
Bears say
Seagate Technology Holdings experienced a decline in key shipment categories, with enterprise and nearline shipment volumes falling behind revenue growth, indicating potential demand weakness. Despite an increase in net liquidity, the company faces challenges such as flat operational expenditures amid only modest revenue growth, raising concerns regarding cost management and margin pressures. Additionally, oversupply risks and the lack of clear visibility in the market may further strain Seagate’s profitability, resulting in a more pessimistic outlook on its financial stability moving forward.
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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