Morgan Stanley Names Seagate (STX) Core 2026 Selection as Cloud Capex Spending Gains Momentum

Furthermore, connected December 2, Citi raised the firm’s terms people connected Seagate to $320 from $275 with a Buy standing connected the shares. The steadfast made this determination based connected a supply-and-demand equilibrium successful the representation sector, characterized by restricted accumulation and accordant pricing strength. Citi highlighted that request visibility present extends done 2027, mostly fueled by the maturation of unstructured information generated by AI tools.

In Q3 2025, Seagate Technology achieved gross of $2.63 billion, which represented a 21.3% year-over-year summation and bushed expert estimates by 3%. Non-GAAP EPS reached $2.61, which was 8.8% higher than statement estimates. Despite the cyclical quality of the semiconductor industry, Seagate’s annualized gross maturation of 18.5% implicit the past 2 years indicates a beardown request acceleration comparative to its five-year humanities trend. Looking up to Q4, Seagate projects gross astatine a midpoint of $2.7 and an adjusted EPS of ~$2.75, some of which exceeded Wall Street’s forecasts.

Seagate Technology Holdings (NASDAQ:STX) provides information retention exertion and infrastructure solutions successful Singapore, the US, the Netherlands, and internationally.

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