24/7 Wall St. is calling it: Seagate will close at $900 a share on October 27, 2026. That is the day the company reports fiscal first-quarter 2027 results after the market closes. The last print was $810.60, so the call needs a gain of about 11% in five weeks.
The reasoning rests on guidance, not hope. Management has told investors to expect revenue of $4.10 billion, give or take $100 million, and non-GAAP diluted earnings of $7.30 a share, give or take $0.20. The target, in other words, is a bet on delivery rather than surprise.
Seagate has beaten EPS estimates four quarters running. Its latest report came in at $5.71 against a $5.09 consensus. Fiscal 2026 revenue grew 34.06%, and free cash flow reached $3.105 billion.
A sold-out order book
On the April 28 earnings call, management said nearline capacity is “almost fully allocated through calendar 2027.” Build-to-order contracts, it added, are being finalized “through the end of fiscal 2027” with set configurations and pricing. Mosaic 4 began shipping for revenue in late March and should make up most HAMR exabyte shipments by the end of calendar 2026.
CEO Dave Mosley said Seagate is “now entering a period of structural growth” and lifted the multi-year growth target to “a minimum of 20% over the next few years.” The demand comes from hyperscalers building out AI data centers.
The catch is the tape
The shares have been here before. STX traded at $903.68 on August 18, then slid 10.3% over the following month. They are still up 195.09% this year, and the 52-week high is $1,144.18. Analysts are bullish: 22 buys, one sell, and an average target of $1,125.
The prediction spells out two outcomes. Results in line with guidance would take the stock back to its August highs, and a beat on the $7.30 midpoint would push it through $900. A miss would do the opposite. Tariffs, the Middle East conflict or a hyperscaler delaying orders could end the beat streak, and then the shares would likely retest the August low. Management has said its guidance assumes minimal effects from tariffs and the conflict.
