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Seagate's HAMR technology leads the nearline HDD market, offering lower TCO for customers and margin expansion potential for Seagate. Valuations remain reasonable despite a sharp rally, with earnings upgrades driving the stock rather than multiple expansion. Free cash flow is set to improve significantly, supporting robust buybacks and a stable dividend yield for shareholders.

Goldman Sachs is the acknowledged leader in the investment landscape on Wall Street and worldwide.

The market continues to trend higher, with tech stocks leading the charge once again. Investor appetite for momentum and speculation has surged as major indices flirt with fresh all-time highs, and several individual names have ridden the wave to extended gains.

Storage solutions provider Seagate Technology (STX -1.59%) has registered an outstanding rally on the stock market in 2025, rising an incredible 73% year to date and beating the Nasdaq Composite index's 7% return by a massive margin.

Dividend stocks are a favorite among investors for good reason.

Initiate Buy on Seagate with $172 PT, driven by HAMR technology leadership and aggressive margin expansion roadmap, projecting FY26 EPS of $10.10, well above consensus. HAMR adoption and Mozaic platform shift drive structural gross margin inflection, with operating leverage and disciplined supply chain management supporting multi-year earnings growth. Balance sheet deleveraging and reduced interest expense provide incremental EPS leverage, enabling sustained R&D investment and margin durability through technology transitions.

With the first half of 2025 now behind us, the stock market has seen its share of volatility.

Question: How would you respond if you owned Seagate (NASDAQ: STX) and its value plummeted by 60% or more in the upcoming months?

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (“Seagate”) (NASDAQ: STX) today announced the final results of the previously announced (i) offers to certain Eligible Holders (as defined below) to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes of the following eight series issued by Seagate HDD Cayman (“Seagate HDD”) (the “Old Notes”) for new notes to be issued by Seagate Data Storage Technology Pte. Ltd. (“SDST”) (th.

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