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Added to YB: 2025-05-19

Pitch date: 2025-05-15

STX [bullish]

Seagate Technology Holdings plc

+0.25%

current return

Author Info

Kerrisdale Capital is an investment management firm that makes value-oriented investments in public securities. 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

$22.3B

Pitch Price

$107.52

Price Target

250.00 (+132%)

Dividend

2.74%

Sector

Technology Hardware, Storage and Peripherals

Category

growth

Show full summary:
Seagate Technology Holdings plc - $STX

STX: HAMR tech gives 3x HDD capacity, 70% less power/TB, qualified at Google. 40TB drives by 2026 driving margins up. Years ahead of WD. 90% data center storage on HDDs, 6x cheaper than SSDs. In duopoly, 30-40% ROIC. AI adds massive demand. $250 PT (137% upside), 11x 2026 P/E.