Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTVandita JadejaTue, June 23, 2026 at 10:07 PM GMT+2 4 min readQuick ReadSTX has surged 298% YTD to $1,094, but our HOLD rating and $1,010 price target signal the easy money has already been made.Seagate's Q3 FY26 blowout results, with $4.10 EPS against the $3.51 expected and 44% revenue growth, drove the parabolic move higher.STX trades at 102x earnings with a 32% bear-case downside, even as CEO Dave Mosley confirms nearline capacity is locked through 2027.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Seagate Technology didn't make the cut. Grab the names FREE today.Seagate Technology (NASDAQ:STX) has delivered one of the market's most remarkable runs of 2026, with the stock up 297.98% year to date as AI-driven storage demand rewrites the narrative around legacy hard drive makers. After a parabolic move from $274.90 on December 31, 2025 to $1,094.04 on June 22, 2026, the question is how much higher this can go.Wikimedia CommonsOur 24/7 Wall St. price target for Seagate is $1,010.11 over the next 12 months, implying roughly 7.7% downside from current levels. Our recommendation is hold, with a 90% confidence level, reflecting high conviction in the model output even as fundamentals remain intact.MetricValueCurrent Price$1,094.0424/7 Wall St. Price Target$1,010.11Upside/Downside-7.7%RecommendationHOLDConfidence Level90%Why We Could Be WrongOur 24/7 Wall St. price target sits below where Seagate trades today. STX is one of the most dynamic AI infrastructure stories in the market, and real upside could come from accelerated Mozaic 4 ramp through calendar 2026 or from HDD pricing power lasting deeper into 2028 than the model assumes. The bull case below explains why Seagate could keep rallying past our number.From $131 to $1,094 in 12 MonthsSeagate has gained 746% over the past year and 34.61% in the past month alone.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Seagate Technology didn't make the cut. Grab the names FREE today.The catalyst was Q3 FY26 earnings on April 28, 2026, where Seagate posted adjusted EPS of $4.10 versus $3.50 expected on revenue of $3.11 billion, up 44.07% year over year. Non-GAAP gross margin expanded to 47.0% from 36.2%, and free cash flow reached $953 million. Management guided Q4 to $3.45 billion in revenue and $5.00 EPS, fueling the move.STX Price Target — 24/7 Wall St.The Case for $1,200+Bulls have real ammunition. Morgan Stanley raised its target to $1,035 from $767 citing HDD shortages through at least 2028. Mizuho raised its target to $1,090 from $875, JPMorgan to $920, and Wells Fargo to $900.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info