Seagate Technology (STX) Reports Strong Q3 Performance Driven by Cloud Demand

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Apr 30, 2025
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Summary:

  • Seagate Technology Holdings (STX, Financial) achieved a significant 31% rise in revenue for Q3 2025, driven by strong demand from global cloud clients.
  • Analysts predict a potential 31.30% upside from the current stock price, with a consensus rating of "Outperform."
  • GuruFocus estimates a modest 2.46% upside based on GF Value metrics.

Seagate Technology's Impressive Q3 Performance

Seagate Technology Holdings (STX) delivered a robust 31% year-over-year increase in revenue for the third quarter of 2025. This remarkable growth was complemented by an 81% surge in non-GAAP gross profit. The demand, particularly from global cloud customers, fueled these gains, showcasing Seagate's strength in the nearline storage and exabyte shipment markets. As the company looks towards the future, Seagate projects continued earnings growth into the fourth quarter of 2025.

Analysts' Projections for Seagate

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Wall Street analysts have provided one-year price targets for Seagate Technology Holdings PLC (STX, Financial), with an average target price of $107.14. The projections range from a high estimate of $150.00 to a low of $60.00. This average target price implies a substantial potential upside of 31.30% from the current trading price of $81.60. For more in-depth forecast data, visit the Seagate Technology Holdings PLC (STX) Forecast page.

The consensus recommendation from 24 brokerage firms categorizes Seagate's stock with an average brokerage recommendation of 2.2, signaling an "Outperform" status. This rating is derived from a scale where 1 represents a Strong Buy, while 5 indicates a Sell.

GuruFocus's Valuation Insights

According to GuruFocus estimates, the GF Value for Seagate Technology Holdings PLC (STX, Financial) over the next year stands at $83.61. This suggests a modest upside of 2.46% from the current price of $81.60. The GF Value is an estimate of the fair value at which the stock should trade, calculated based on its historical trading multiples, business growth, and future performance estimates. For more detailed valuation data, explore the Seagate Technology Holdings PLC (STX) Summary page.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.