Seagate has already handed investors a fourfold return in a year, and Wall Street still sees room to run, but the path to four digits depends on three things going right at exactly the right time.
Seagate has turned into one of the most improbable megacap breakouts of this cycle. The stock has rallied 229.23% year to date and 381.82% over the past year on the back of a hyperscaler-driven mass-capacity storage cycle that management calls structural.
Seagate Technology (NASDAQ:STX | STX Price Prediction) now trades at $904.38, and the obvious question is whether the next round number is coming into view. Can this hard drive maker really print a $1,000 handle, and if so, when?
Why STX Has Cooled Off After a Historic Run
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