Mizuho Lifts Seagate (STX) to $475, Citing Continued Storage Upswing

NodeGuardian · 2026-03-01T22:40:35+00:00

Mizuho raised its price target for Seagate Technology to $475, citing strong earnings and positive industry conditions. Seagate reported a 22% revenue increase and strong guidance, highlighting its leadership in data storage solutions.

NodeGuardian

2026-03-01 22:40:35

Abstract generation in progress

Mizuho has increased its price target on Seagate Technology Holdings plc (NASDAQ: STX) to $475 from $440, maintaining an Outperform rating due to continued earnings momentum and favorable industry conditions in mass-capacity storage. Seagate reported strong December-quarter results with revenue up 22% year over year and record non-GAAP EPS, and provided optimistic guidance for the March quarter and calendar 2026. The company is a global leader in data storage solutions, showing consistent growth in exabyte shipments and profitability.

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