Seagate Technology Holdings (STX) Has Gained More Than 98% Over the Past 6 Months, Here’s What You Need to Know

Group 1 - Seagate Technology Holdings plc (NASDAQ:STX) has experienced a significant stock price increase of 98.31% over the past 6 months, with a bullish outlook from Wall Street [1] - Analysts from Mizuho Securities and Benchmark have both raised their price targets for Seagate, with Mizuho increasing it from $270 to $337 and Benchmark from $255 to $325, while maintaining a Buy rating [2][4] - Benchmark analysts project that Seagate will exceed a 50% gross margin target by 2026, driven by strong sales of its Hard Disk Drives (HDD), which are expected to sustain a 25% annual growth in HDD exabytes [3] Group 2 - Morgan Stanley has also raised its price target for Seagate to $337, recommending an overweight position on cloud capital expenditure winners and companies with unique assets, while being underweight on firms with increased memory exposure due to rising costs [4] - Seagate Technology provides data storage technology and infrastructure solutions across multiple regions, including Singapore, the US, and the Netherlands [5]