Analyst Explains Why Seagate (STX) Has a ‘Lot More Upside’

Group 1 - Seagate Technology Holdings PLC (NASDAQ:STX) is recognized as a leading data storage stock, particularly due to its advancements in Heat Assisted Magnetic Recording (HAMR) technology [1] - The demand for data storage technologies is increasing, driven by the AI revolution, which positions Seagate favorably in the market [1] - Analysts project a 28% compound annual growth rate (CAGR) in earnings per share (EPS) for Seagate over the next five years, indicating significant potential for margin expansion and cost reduction compared to competitors [1] Group 2 - Despite the positive outlook for Seagate, there is a belief that certain AI stocks may offer higher returns with limited downside risk, suggesting a competitive investment landscape [2]