Seagate Technology (STX)
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-09-04
$849.28+6.34%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-09-04
Research Workspace
Put STX beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Technology Hardware, Storage & Peripherals is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 29% over the past year.
View GrowthManagement screens strong on capital allocation, earnings delivery, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 3% on a typical day and fell roughly 32% in its worst 12-month stretch.
View RiskSeagate Technology must continue to drive profitable growth through AI-driven storage demand to justify its current valuation. Revenue grew 48% year over year, and the last quarter beat consensus estimates. It trades at 56× P/E versus a peer median of 40×, indicating the price reflects less growth than we forecast. If STX cuts guidance on the next call, that would be a meaningful negative. Peer multiples imply a price about 66% below where it trades (it looks expensive on this basis). This read is provisional; our standing thesis remains intact.
Trailing returns as of 2026-09-04. STX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 25 analysts currently covering STX (as of Sep 2026).
Based on 13 Wall Street analysts offering 12-month price targets for STX in the last 4 months.
Continue this research
Compare STX with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| STX Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 7 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Technology Hardware, Storage & Peripherals — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put STX next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Maintain strong cash flow and shareholder returns
Concerns over gross margins could impact cash flow.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $849.28
The last 12 months of price, then the range of analyst 12-month targets from today’s $849.28.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Drive profitable growth through AI-driven storage demand
AI storage demand fuels record cash flow.
Advances: Enhance product strategy with areal density-driven innovation
Strong fiscal results and HAMR momentum support product innovation.
Advances: Drive profitable growth through AI-driven storage demand
AI runs on disks nobody else wants to make.
Advances: Drive profitable growth through AI-driven storage demand
Analysts' positive outlook supports AI-driven storage growth.
Advances: Drive profitable growth through AI-driven storage demand
AI signal supports growth through AI-driven storage demand.
Advances: Maintain strong cash flow and shareholder returns
Strong Q4 results support cash flow and shareholder returns.
Advances: Drive profitable growth through AI-driven storage demand
AI-driven storage demand aligns with growth objectives.
