STX
SeagateBNasdaq / Technology Hardware & Equipment
Last Price
At close
2026-06-02
Current thesis
The bull case is that April 28 validated the operating thesis: Seagate beat its own prior ranges, posted record non-GAAP gross margin of 47.0%, generated $953 million of free cash flow, and guided the next quarter above expectations cited in trusted coverage, while management tied demand strength to AI-scale storage and Mozaic adoption [#PR-2026-04-28] [#IR-2026-04-28].
Posture
Constructive
Lead driver
Momentum
What changed
6 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Expectation risk is elevated because the stock is already trading far above the packet's median target after a strong post-earnings reaction.
Momentum
96
Value
45
Sentiment
35
Setup hits (3d)
6 · Net Bullish
AI TargetsBase $690.00 · Bull $860.00 · Bear $540.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-04 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $485.05
Why
Momentum96 · Δ7d -0.7
Value45 · Δ7d -0.2
Sentiment35 · Δ7d -7.6
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
96
34% active weight
Current posture
7d trendImproving
Δ7d
-0.7
Δ21d
-0.5
Value
45
32% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
-0.4
Sentiment
35
33% active weight
Current posture
7d trendSoftening
Δ7d
-7.6
Δ21d
-1.3
Why this grade
Composite grade B. Momentum 96.4 / Value 45.1 / Sentiment 35.3
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$206.57B
Beta
1.63
Shares Out
217.87M
P/E (TTM)
37.2
P/S (TTM)
6.61
P/FCF (TTM)
103.18
Rev YoY
+21.3%
EPS YoY
+72.0%
Gross Margin
+37.0%
Op Margin
+22.9%
Net Debt
$4.1B
Current Ratio
0.98
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology