Seagate Technology Holdings plc (NASDAQ: STX ) in between 12 Best-Performing S&P 500 Stocks in the Last 10 Years.
Seagate Technology Holdings plc (NASDAQ: STX ) has been one of the best performing S&P 500 stocks over the past 10 years. Bernstein raised his price target on Seagate Technology Holdings plc (NASDAQ: STX ) to $500 from $370 on Jan. 29, while maintaining an outperform rating on the data storage company’s stock. The increase comes after Seagate’s strong fiscal second quarter 2026 results, which beat forecasts for revenue, margin and adjusted earnings of $3.11.
In addition to the rapid cost savings from HAMR technology materializing sooner and more than expected, Bernstein observed that average sales prices remained strong and exceeded their expectations.
The company stressed that demand is steady while supply remains disciplined, with volumes set for 2026, according to management. However, prices are expected to rise in the low single digits quarter-over-quarter instead of just seeing significant spikes.
Seagate Technology Holdings plc (NASDAQ: STX ) is a global leader in data storage solutions, designing and manufacturing hard disk drives, solid state drives, and storage systems for enterprise, cloud, and consumer applications.
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Read more: 10 Best Magic Formula Stocks for 2025 and The 10 Best Retirement Stocks to Buy According to Hedge Funds.
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