Morgan Stanley Raises PT on Seagate Technology Holdings plc (STX) Following June Results

With impressive year-to-date performance and significant hedge fund interest, Seagate Technology Holdings plc (NASDAQ:STX) secures a spot on our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

On July 30, 2025, Morgan Stanley increased its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $167 to $168, following the company’s better-than-expected June quarter results, announced the day prior, on July 29, 2025. The company’s guidance for the September quarter is in line, driving the analyst’s target revision further.

Amid strong hard disk drive (HDD) demand, which surpasses supply, the analyst expects a strong growth outlook for Seagate Technology Holdings plc (NASDAQ:STX) till H2 2026, with strong gross margins and the resumption of share buybacks. Furthermore, Morgan Stanley expressed its confidence in the company’s structural strengths in pricing and supply-demand balance, positioning the company for strong future growth.

Seagate Technology Holdings plc (NASDAQ:STX), headquartered in Singapore, offers data storage and infrastructure solutions, including enterprise HDDs, SSDs, and cloud-based platforms. It is included in our list of the unstoppable stocks.

While we acknowledge the potential of STX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts.

Disclosure: None.