12 Best Data Storage Stocks to Buy Right Now

4. Seagate Technology Holdings plc (NASDAQ:STX)

Number of Hedge Fund Holders: 72

Market Capitalization: $92.49 billion

On February 17, Mizuho increased its price target on Seagate Technology Holdings plc (NASDAQ:STX) to $475 from $440 and maintained an Outperform rating, reflecting continued confidence in earnings momentum and favorable industry conditions within mass-capacity storage.

Seagate Technology Holdings plc (NASDAQ:STX) reported December-quarter revenue of $2.83 billion, up 7% sequentially and 22% year over year. Non-GAAP gross margin expanded to 42.2%, up 210 basis points sequentially, while non-GAAP operating margin rose to 31.9%, an increase of 290 basis points quarter over quarter. Non-GAAP EPS reached $3.11, up 19% sequentially. The company achieved record levels in exabyte shipments, gross margin, operating margin, and non-GAAP EPS. March-quarter guidance calls for revenue of $2.9 billion plus or minus $100 million, implying approximately 34% year-over-year growth at the midpoint, and non-GAAP EPS of $3.40 plus or minus $0.20, with operating margin expected to approach the mid-30% range. Management anticipates continued sequential improvement in both revenue and profitability through calendar 2026, reinforcing confidence in sustained operating leverage and earnings expansion.

Seagate Technology Holdings plc (NASDAQ:STX), incorporated in 1978 and headquartered operationally in Fremont, California, is a global leader in data storage solutions, designing and manufacturing hard disk drives, solid-state drives, and storage systems for enterprise, cloud, and consumer applications.