12 Unstoppable Technology Stocks to Buy

8. Seagate Technology Holdings plc (NASDAQ:STX)

Number of Hedge Fund Holders: 72

6-month performance: 98.31%

Seagate Technology Holdings plc (NASDAQ:STX) is one of the Unstoppable Technology Stocks to Buy. Seagate Technology Holdings plc (NASDAQ:STX) has gained 98.31% during the past 6 months. Wall Street continues to maintain a bullish outlook on the stock.

Recently, on December 17, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on the stock and raised the price target significantly from $270 to $337. A day earlier, on December 16, Benchmark also raised the price target on the stock from $255 to $325, while maintaining a Buy rating on the stock.

Analysts at Benchmark noted that they see the company exceeding 50% gross margin target in 2026, driven by the continued sales cycle of its Hard Disk Drive. Moreover, the firm believes that the strong demand for the company’s HDD is adding sustainability to the 25% annual HDD exabyte growth.

That said, on December 17, Morgan Stanley also raised the price target on Seagate Technology Holdings plc (NASDAQ:STX) from $270 to $337. The firm recommended investors to be overweight on cloud capex winners and companies with unique assets and product cycles. However, Morgan Stanley is underweight on companies with increased memory exposure due to rising memory costs and margin pressures.

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