Professional
Added to YB: 2025-07-01
Pitch date: 2025-07-01
STX [bullish]
Seagate Technology Holdings plc
+163.18%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally.
Market Cap
$47.1B
Pitch Price
$144.21
Price Target
N/A
Dividend
1.30%
EV/EBITDA
22.80
P/E
32.68
EV/Sales
5.66
Sector
Technology Hardware, Storage and Peripherals
Category
growth
(NAS:STX) Seagate: Quietly Powering the Data Boom
STX: HAMR tech leader 1-2 gen ahead of WD/Toshiba, shipping 36TB drives now, targeting 44TB by 2027 & 100TB by 2030. Cost/TB drops ~30% moving 30TB→40TB, another 25% at 50TB. HDDs still 80% of datacenter storage. Forecasting 30% rev CAGR to 2028, gross margin expansion 30%→40% on HAMR adoption. Trading 7x 2027E earnings, see 50%+ upside on AI-driven exabyte demand growth (25%+ CAGR 2025-28) & vertical integration via exclusive Hoya glass platter partnership.
Read full article (7 min)