Seagate Technology stock predicted to rise 50% by end of 2026 amid AI demand

10 articles · Updated · The Motley Fool · Apr 28

Seagate's high-capacity HDDs are sold out for 2026, with major cloud customers already booking capacity for 2027 and 2028.
A 60% price surge in HDDs and 53% year-over-year non-GAAP earnings growth have positioned Seagate for further gains, with earnings projected to reach $17.53 per share in 2026.
Seagate trades below the tech sector's average earnings multiple, but accelerating data center demand and persistent supply constraints are expected to support continued strong performance and potential outperformance of analyst estimates.

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