Seagate Technology Holdings plc (NASDAQ:STX) has gained more than 550% over the past 12 months, driven by unprecedented AI-driven demand.
Analysts expect the company to grow its EPS by roughly 70% over the next 5 years
The stock ranks among the Top 10 Unstoppable Growth Stocks to Invest In. Recently, on June 2, Citi raised the price target on Seagate Technology Holdings plc (NASDAQ:STX) from $740 to $1,150 and maintained a Buy rating on the shares. The firm noted that they have raised the earnings estimates for the hard disk drive spaces due to resilient AI-driven demand and disciplined industry supply management.
The firm believes that these factors are going to help the company maintain its pricing power. That said, Seagate Technologies topped Wall Street expectations during its fiscal Q3 2026 earnings release. The company posted $3.11 billion in revenue and $4.10 in adjusted EPS, both metrics topped the expectations of $2.96 billion and $3.53, respectively.