Seagate Technology stock hits all-time high at 193.9 USD

Seagate Technology PLC stock has reached a significant milestone, hitting an all-time high of 193.9 USD. According to InvestingPro analysis, the company’s RSI indicates overbought conditions, while its overall Financial Health Score ranks as GREAT, supported by strong momentum metrics. This achievement marks a notable point in the company’s market performance, reflecting strong investor confidence and robust business operations. Over the past year, Seagate Technology has experienced a remarkable 92.11% increase in its stock value, with an even more impressive year-to-date return of 126.69%. The company, now valued at over $41 billion, appears overvalued according to InvestingPro’s Fair Value analysis. This upward trend highlights the company’s resilience and its ability to capitalize on market opportunities, positioning it as a strong contender in the technology sector. Discover 13 additional exclusive insights and detailed valuation metrics with an InvestingPro subscription.

In other recent news, Seagate Technology Holdings announced a substantial £100 million investment in Northern Ireland to advance nanophotonic innovations for next-generation hard drives. This initiative is supported by an additional £15 million from Invest NI and aims to bolster the regional economy in Derry/Londonderry. Meanwhile, Benchmark has raised its price target for Seagate to $165 from $128, maintaining a Buy rating following the company’s strong June quarter results, which exceeded expectations due to high global cloud demand. Seagate reported record Nearline drive shipments and gross margins during this period. Additionally, Cantor Fitzgerald reiterated an Overweight rating on Seagate, setting a price target of $175. In a strategic move, Seagate appointed Thomas Szlosek, AutoNation’s CFO, to its Board of Directors, effective August 2025. On another note, Morgan Stanley has shifted its top pick in the storage sector to Western Digital, raising its price target to $99, while setting a bull case target of $125. These developments highlight ongoing strategic advancements and analyst confidence in Seagate’s growth trajectory.

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