11 Best Computer Hardware Stocks to Buy for the Long Term

4. Seagate Technology Holdings plc (NASDAQ:STX)

Seagate Technology Holdings plc (NASDAQ:STX) is one of the 11 best computer hardware stocks to buy for the long term.

On March 3, Executive VP & CFO Gianluca Romano participated in the Morgan Stanley Technology, Media & Telecom Conference 2026. He acknowledged a strong demand prevailing in the market amid AI advancements. Since AI is generating a significant amount of data, the need for necessary data storage becomes even more critical.

Romano pointed out that within this specific industry, there is no need to manufacture a different kind of hard disk for AI data storage. This aligns well with the company’s existing product mix. He also reflected on the last couple of years, where AI has taken the center stage in customer discussions, which now require a higher level of storage.

Back on February 6, Citi increased the firm’s price target on Seagate Technology Holdings plc (NASDAQ:STX) from $460 to $480. The firm maintained its Buy rating on the stock, which offers an adjusted upside potential of more than 36% at the current level.

Citi noted that recent investor meetings with company management highlighted what it described as “durable” demand for Seagate’s products. The firm indicated that the discussions reinforced confidence in the company’s business outlook.

Seagate Technology Holdings plc (NASDAQ:STX) is a data storage hardware and infrastructure company specializing in mass-capacity solutions. It designs and manufactures high-performance hard drives, solid-state drives, and edge-to-cloud platforms. By providing essential storage for everything from enterprise data centers to personal gaming rigs, it enables the secure management of massive digital footprints.