AlphAIAlphAI — Financial news for AI agents
tradingview.comOCT 282 min read$STX

TD Cowen maintains Buy rating on Seagate Technology Hldgs, $900 price target

TD Cowen kept a Buy rating on Seagate Technology Hldgs with a $900 price target, implying 34.8% upside. The company's strong earnings guidance of $9.20 EPS and pricing power in the HDD market support the rating. Recent analyst notes have price targets ranging from $1000 to $1100.

Original reporting
tradingview.com
Published Oct 28, 2026, 12:53 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 28, 2026, 1:04 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
TD Cowen maintains Buy rating on Seagate Technology Hldgs, $900 price target — source image
Source · tradingview.com
Decision brief

The 30-second read

$STXBullishMed
01

Why it matters

The new EPS guidance and raised price target suggest a bullish catalyst for STX, likely prompting buying interest.

02

Market read

Analyst upgrade with a higher price target and above‑consensus earnings guidance provides a clear actionable signal for traders.

03

What to watch

Potential supply chain constraints or competition from SSDs could temper upside.

Relevance 8/10Novelty 8/10Timing: today

Background

TD Cowen maintains a Buy rating on Seagate Technology Holdings, citing strong earnings guidance and pricing power in the HDD market.

Company-level read

Ticker impact

$STXBullishHigh confidence
Context

TD Cowen raised its price target to $900 and highlighted Seagate's new EPS guidance of $9.20, above expectations.

Expected impact

upward pressure as investors price in higher earnings guidance

Evidence & confidence

The EPS guidance exceeds consensus and is accompanied by a substantial price‑target increase, indicating bullish sentiment.

Market effects

Sector

Higher guidance may lift other HDD manufacturers and storage‑related stocks.

Regional

U.S. tech sector could see modest gains from the upbeat outlook.

Global

Limited to storage hardware segment; no broad market impact.

Counterpoint

What could challenge this read

If demand for HDDs softens, the guidance may be overly optimistic.

Key entities

  • company
    Seagate Technology Holdings

    U.S.-listed HDD manufacturer (ticker STX).

  • analyst
    TD Cowen

    Equity research firm issuing the rating and price target.

Read at source← All news

Related articles

OCT 28
$STXHighAI 8/10

Why is Seagate Technology stock sliding today?

Seagate Technology's stock fell 5.7% to $629.66 after its Q1 2027 earnings beat estimates, with revenue at $4.23B and EPS at $7.68. Analysts cut price targets, citing slower growth. The decline reflects profit-taking and company-specific factors, not a broad sector downturn. Management issued strong Q2 guidance, but sentiment was negative due to insider sales and cautious market conditions.

investing.com2 min
OCT 28
$STXHighAI 9/10

STX Q1 Earnings & Revenues Beat, Record Cash Flow Boosts Profitability

Seagate Technology (STX) reported Q1 fiscal 2027 non-GAAP earnings of $7.68 per share, beating estimates. Revenue was $4.2B, up 61% YoY. Data center demand drove growth, with strong margins and cash flow. STX expects continued revenue and margin expansion, guided by robust demand and technology advancements.

zacks.com2 min
OCT 28
$STXHighAI 9/10

Seagate revenue jumps 61% as storage demand drives record profits

Seagate Technology (STX) reported a 61% revenue increase to $4.23B, with net income tripling to $1.76B. EPS rose to $7.59, and gross margin increased to 57.3%. The company forecasted $4.8B revenue and $9.20 EPS for Q2. It reduced debt by $1.2B and returned $568M to shareholders. Demand for storage drives growth, supported by data creation and cloud computing. Shares fell 3% premarket.

finance.yahoo.com2 min
OCT 28
$STXMed

Seagate Says It Can’t Make Hard Drives Fast Enough for AI

Seagate Technology reported strong demand for its hard drives, with CEO Dave Mosley stating that all additional production is already allocated. CFO Gianluca Romano noted a growing supply-demand gap. Revenue was $4.23B, up 61% YoY, with non-GAAP gross margin at 57.8%. The stock rose 3.67% during the day but fell 5.52% after hours. Supply contracts extend through 2030, and pricing power is lifting margins. The company expects revenue of $4.8B and non-GAAP EPS of $9.20 for the December quarter.

247wallst.com6 min
OCT 28
$STXMedAI 8/10

Seagate Technology Fell 25% in The Last Month But One Wall Street Analyst Says 140% Gains to Come

Seagate Technology (STX) shares fell 27.16% in a month, despite reporting strong Q1 2027 earnings. Analysts remain bullish, with an average price target of $1,091.58, implying 63.4% upside. The company's revenue grew 61.0% YoY, driven by AI storage demand. However, investor concerns about AI infrastructure spending have led to a sell-off. Seagate's management guided Q2 revenue of $4.80B and EPS of $9.20, above consensus estimates.

247wallst.com3 min