Billionaire Steve Cohen’s 10 Mid-Cap Stock Picks with Huge Upside Potential

8. Seagate Technology Holdings plc (NASDAQ:STX)

Upside Potential: 15.70%

Market Cap: $19.75 billion

Seagate Technology Holdings plc (NASDAQ:STX) has been in operation since 1978, and is engaged in the provision of data storage technology and infrastructure solutions to customers in Singapore, the United States, the Netherlands, and internationally. STX provides a diverse portfolio of hardware & including HDDs, SSD, enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company is home to brands such as Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name, among others.

Recent trade tariffs and global uncertainties have introduced volatility in tech markets. Some analysts raised questions on the future demand for STX’s hard disk drives, one of Seagate’s core products. However, the company’s strong financial performance has alleviated these concerns. In the third quarter of 2025, Seagate surpassed analysts’ revenue expectations by $30.94 million, reporting $2.16 billion, a remarkable year-over-year growth of 30.51%. Point72 Asset Management held more than 1.82 million shares in the company with a value of $157,653,026. STX represents 0.34% of the fund’s portfolio as the fund boosted its position in the company by 51% during the quarter. Looking forward, management provided guidance for revenue in the upcoming quarter to be $2.4 billion, an increase of 11%. Erik Woodring, an analyst at banking giant Morgan Stanley, commented on the company’s results, stating:

“Stepping back, we expected a good quarter, and we got a great quarter.”