New: Introducing the Finviz Crypto Map

Learn More

Baird Raises Seagate Technology (STX) PT to $188, Cites Strong Fundamentals

By Maham Fatima | August 07, 2025, 12:39 PM

Seagate Technology Holdings (NASDAQ:STX) is one of the cheap technology stocks to buy now. On August 5, Baird raised its price target for Seagate from $120 to $188, while maintaining an Outperform rating on the shares. The firm’s decision was based on new company fundamentals that they believe are not yet reflected in the stock price.

In Q2 2025, Seagate Technology’s sales of ~$2.4 billion showed an improvement of 29.5% year-on-year increase. Non-GAAP profit was $2.59 per share, exceeding consensus estimates by 6%. Seagate’s guidance for Q3 revenue is ~$2.5 billion, which is 2.5% below analyst estimates of $2.56 billion.

Baird Raises Seagate Technology (STX) PT to $188, Cites Strong Fundamentals
Copyright: believeinme33 / 123RF Stock Photo

The adjusted EPS guidance for Q3 is $2.30 at the midpoint, which is also slightly below analyst estimates of $2.32.

Seagate Technology Holdings (NASDAQ:STX) provides data storage technology and infrastructure solutions in Singapore, the US, the Netherlands, and internationally.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Latest News