Shares of data storage manufacturer Seagate (NASDAQ: STX) jumped 3.3% in the morning session after a flurry of analyst upgrades and price target hikes fueled by strong financial results and a positive outlook. The positive sentiment from Wall Street follows the company's latest earnings report, which revealed a 29.5% year-over-year increase in sales and a non-GAAP profit per share that beat consensus estimates. Several firms, including Baird and Rosenblatt, boosted their price targets to as high as $200, pointing to the company's strong fundamentals and improving profit margins. This financial strength is underscored by impressive trailing twelve-month earnings per share (EPS) growth of over 530%, reinforcing its position as a high-growth momentum stock. The optimism is also supported by increasing demand for mass-capacity storage, driven by the expansion of cloud and AI infrastructure.\n\nAfter the initial pop the shares cooled down to $153.91, up 2.3% from previous close. \n\nIs now the time to buy Seagate Technology? Access our full analysis report here, it’s free.\n\nSeagate Technology’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. \n\nThe previous big move we wrote about was 12 days ago when the stock dropped 5.4% on the news that the company provided a weaker-than-expected forecast for the upcoming quarter, which overshadowed its strong fourth-quarter earnings report. While the data storage manufacturer's quarterly revenue and profit both topped analyst estimates, its guidance for the first fiscal quarter of 2026 fell short. Seagate projected revenue with a midpoint of $2.5 billion and adjusted earnings per share of $2.30, both below consensus expectations. This outlook raised concerns as it suggested a potential sequential decline from the strong quarter the company just delivered. The disappointing forecast prompted investors to sell, especially since the stock had already surged significantly year-to-date, making it prone to profit-taking on any sign of weakness.\n\nSeagate Technology is up 78.2% since the beginning of the year, and at $153.91 per share, it is trading close to its 52-week high of $157.01 from July 2025. Investors who bought $1,000 worth of Seagate Technology’s shares 5 years ago would now be looking at an investment worth $3,362.\n\nToday’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Seagate Technology (STX) Stock Trades Up, Here Is Why

Seagate Technology (STX) shares rose 3.3% in the morning session following strong financial results, including a 29.5% year-over-year sales increase and a non-GAAP profit per share that exceeded consensus estimates. Analysts such as Baird and Rosenblatt raised price targets to as high as $200, citing robust earnings growth of over 530% in trailing twelve-month EPS and rising demand for mass-capacity storage driven by cloud and AI infrastructure. The stock cooled to $153.91, up 2.3% from the previous close. A prior negative move 12 days earlier was due to a weaker-than-expected forecast for the first fiscal quarter of 2026, with projected revenue of $2.5 billion and adjusted EPS of $2.30, both below consensus. The stock has risen 78.2% year-to-date and is near its 52-week high of $157.01. The article concludes by referencing generative AI and enterprise software as potential future investment opportunities.