Is Seagate (STX) Stock a Buy Before Earnings Tuesday?

TLDR

• Seagate reports earnings Tuesday, with analysts expecting EPS of $5.10 and revenue of $3.5 billion
• Wedbush raised its price target on STX to $1,000 from $825, maintaining an Overweight rating
• STX is down 11% in July after a 6% drop on Friday, but bounced 2.5% to $872.53 in Monday premarket trading
• Long-term agreements with cloud hyperscalers at higher prices are expected to kick in later in 2026
• Wedbush also raised its Western Digital (WDC) price target to $650 from $540 ahead of WDC’s August 5 earnings

Seagate Technology (STX) stock bounced 2.5% to $872.53 in Monday premarket trading after a rough week. The hard-disk drive maker reports earnings after the close on Tuesday, July 28.

Seagate Technology Holdings plc, STX

The stock has surged more than 450% over the past 12 months, making it one of the bigger winners of the AI rally. But July has been tough. STX is down 11% this month, including a 6% drop on Friday alone. That would be its worst monthly performance since March 2025.

Seagate closed Friday just above its 50-day moving average.

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