11 Cheap Technology Stocks to Buy Now

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7. Seagate Technology Holdings (NASDAQ:STX)

Forward P/E Ratio as of August 5: 15.06

Number of Hedge Fund Holders: 55

Seagate Technology Holdings (NASDAQ:STX) is one of the cheap technology stocks to buy now. On August 5, Baird raised its price target for Seagate from $120 to $188, while maintaining an Outperform rating on the shares. The firm’s decision was based on new company fundamentals that they believe are not yet reflected in the stock price.

In Q2 2025, Seagate Technology’s sales of ~$2.4 billion showed an improvement of 29.5% year-on-year increase. Non-GAAP profit was $2.59 per share, exceeding consensus estimates by 6%. Seagate’s guidance for Q3 revenue is ~$2.5 billion, which is 2.5% below analyst estimates of $2.56 billion.

The adjusted EPS guidance for Q3 is $2.30 at the midpoint, which is also slightly below analyst estimates of $2.32.

Seagate Technology Holdings (NASDAQ:STX) provides data storage technology and infrastructure solutions in Singapore, the US, the Netherlands, and internationally.

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