NEW YORK, September 22 — Seagate Technology will trade at $900 a share on October 27, the day it reports fiscal first-quarter 2027 earnings after the close. That is the call from a price prediction published by 24/7 Wall St., and it rests on a catalyst the company has effectively pre-announced. Management guided fiscal Q1 2027 revenue to $4.10 billion, plus or minus $100 million, with non-GAAP diluted EPS of $7.30, plus or minus $0.20.
From a last print of $810.60, hitting $900 implies roughly an 11% move over five weeks. The mechanics here are simple enough: the target is not a forecast of surprise, it is a forecast of delivery.
Seagate has delivered four consecutive quarters of EPS beats, most recently posting $5.71 against a $5.09 consensus in Q4 FY26. The company grew fiscal 2026 revenue 34.06% and generated $3.105 billion in free cash flow. A fifth straight beat against a raised bar is the base case in the prediction.
The contract book behind the number
On the April 28, 2026 earnings call, management said nearline capacity is “almost fully allocated through calendar 2027” and that build-to-order contracts are being finalized “through the end of fiscal 2027” with defined configuration and pricing. Mosaic 4 shipped for revenue in late March 2026 and is expected to represent a majority of HAMR exabyte shipments exiting calendar 2026.
CEO Dave Mosley told investors Seagate is “now entering a period of structural growth” and raised the multi-year revenue growth target to “a minimum of 20% over the next few years.” That growth is tied to contracted exabyte demand from hyperscalers, with Seagate among several non-chip suppliers cashing in on the AI data-center buildout. The catch is in the tape.
STX traded at $903.68 on August 18, 2026, before pulling back 10.3% over the past month. Year to date, shares are up 195.09%. The 52-week high sits at $1,144.18.
What the Street is pricing
The Street carries 22 buys against one sell, with an analyst target of $1,125. Composite sentiment reads 64.98, bullish with medium confidence. The prediction states that an earnings report in line with guidance reclaims the August highs, while a beat on the $7.30 EPS midpoint takes shares through $900.
Conversely, if tariffs, the Middle East conflict, or a hyperscaler pushout breaks the four-quarter beat streak, $900 breaks with it, and shares retest the August low. Management flagged those exact risks in guidance assuming minimal tariff and Middle East conflict impact.
The article is authored by Vandita Jadeja, a financial publisher and Chartered Accountant whose work has appeared on The Motley Fool, InvestorPlace, and Benzinga. She covers investing and focuses on stock picks and price predictions for 24/7 Wall St. The broader market context at the time of publication: the S&P 500 closed at 7,784.60 (+0.13%), the Dow Jones at 52,345.70 (+0.41%), the Nasdaq 100 at 30,532.40 (+0.04%), and the Russell 2000 at 2,895.35 (+0.53%). Follow the money to October 27.
The guidance midpoint is the line that matters, and the contract book is the reason the prediction can be made at all.
