Seagate Technology's Q2 Earnings Expectations Drive Stock Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy STX?
Source: Benzinga
Seagate Technology shares rose 6.52% to reach a 52-week high, reflecting strong market optimism ahead of its upcoming Q2 earnings report.
The company is set to release its Q2 earnings on January 27, with analysts expecting earnings per share of $2.84, a significant increase from $2.03 in the same quarter last year. Additionally, revenue is projected to reach $2.75 billion, an 18% year-over-year increase, showcasing a strong recovery in market demand. Analyst upgrades, including Citigroup raising its price target from $320 to $385, further bolster confidence in Seagate's growth potential.
This positive sentiment surrounding Seagate's earnings expectations and analyst upgrades indicates a robust outlook for the company, potentially leading to continued stock price increases as investors anticipate strong financial performance.
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Analyst Views on STX
Wall Street analysts forecast STX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for STX is 310.39 USD with a low forecast of 150.00 USD and a high forecast of 465.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
14 Buy
3 Hold
1 Sell
Moderate Buy
Current: 405.450
Low
150.00
Averages
310.39
High
465.00
Current: 405.450
Low
150.00
Averages
310.39
High
465.00
About STX
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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