Seagate Stock (STX) Shatters Records with Unstoppable Rally to New All-Time High

Seagate shares just ripped through another resistance level—extending their blistering winning streak into uncharted territory.

Momentum Builds on Storage Demand

Investors keep piling into STX as data storage needs explode. The stock’s not just climbing—it’s leaving traditional valuation models in the dust. Who needs fundamentals when you’ve got momentum, right?

Tech Sector Outperformance

While legacy finance still debates P/E ratios, Seagate’s surge highlights a broader tech rally. Hardware plays are back—and they’re dragging the entire sector upward. No fancy algorithms needed here; just pure, old-school bullish energy.

Wall Street’s Late to the Party—Again

Analysts scramble to update price targets as STX blows past every projection. Another day, another reminder that most financial ‘experts’ are just professional hindsighters. Maybe they should’ve bought instead of overthinking it.

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Seagate Technology designs and manufactures data storage products and is best known for its hard disk drives and enterprise storage systems.

Top Analyst Maintains Buy Rating on STX Stock

The latest surge came after Cantor Fitzgerald’s five-star-rated analyst C J Muse reiterated his Buy rating on STX stock, pointing to strong demand. Muse highlighted strong demand for Seagate’s high-capacity hard drives, benefiting from increased spending on cloud and AI infrastructure. He also expects solid pricing to support margins, while long-term contracts through 2026 help secure demand.

On the risk side, potential tariffs are still a concern. Meanwhile, Muse noted that Seagate is waiting for the government’s decision on Section 232 and expects more updates soon.

Muse kept his price target at $175 on STX stock, predicting around 7% upside from current levels.

Is STX a Good Stock to Buy?

After Monday’s gains, Seagate closed above $164 a share for the first time, above its 52-week high of $160.57. Most of the stock’s rally came in the past four months. Back in early April, shares were still trading in the $60s amid market sell-offs tied to tariff concerns.

Turning to Wall Street, analysts have a Moderate Buy consensus rating on STX stock based on 13 Buys, three Holds, and one Sell assigned in the past three months. Meanwhile, the average Seagate stock price target of $164.0 per share is similar to the current share price.