Top 5 Tech Stocks in Louis Navellier’s Portfolio

2. Seagate Technology Holdings Plc (NASDAQ:STX)

Stock Upside Potential: 0.98%

Navellier & Associates Equity Stake: $17.39 Million

Number of Hedge Fund Holders: 74

Seagate Technology Holdings Plc (NASDAQ:STX) is one of the top tech stocks in Louis Navellier’s portfolio. On April 29, analysts at BofA Securities raised Seagate Technology Holdings Plc (NASDAQ:STX) price target to $840 from $700, while reiterating their Buy rating.

The positive stance is in response to the company delivering fiscal third-quarter 2026 results that exceeded the high end of revenue and EPS guidance. In addition, Seagate Technology achieved record margins and generated close to $1 billion in free cash flow.

Revenue in the quarter rose to $3.11 billion from $2.16 billion in the same quarter last year, and the operating margin improved to 37.5% from 23.5%. The company’s net income more than doubled to $934 million, up from $407 million in the same quarter last year. Diluted earnings per share came in at $4.10, up from $1.90.

According to BofA Securities, Seagate Technology is well-positioned for continued growth, given its tight control over hard disk drive supply and the growing demand amid the AI boom. It also expects the company to benefit from growth in pricing margins and cash flow throughout fiscal 2027.

Seagate Technology Holdings Plc (NASDAQ:STX) is a global leader in data storage solutions, specializing in the design, manufacture, and distribution of hard disk drives (HDDs) and solid-state drives (SSDs). It also focuses on mass-capacity storage for cloud, edge, and enterprise data centers, as well as consumer products like gaming drives and external storage, with a strong emphasis on high-capacity storage for AI applications.