China Renaissance has initiated coverage on Seagate Technology Holdings PLC (STX) with a Buy rating as of December 4, 2025. This marks the firm's first assessment of the company, reflecting its analysis of Seagate's business dynamics and growth potential in the technology sector.
Seagate, a leader in data storage solutions, operates as a holding company that develops and distributes hard disk drives (HDDs), solid-state drives (SSDs), and various electronic data storage products. The company, headquartered in Singapore, employs approximately 30,000 full-time staff and has a market capitalization of $55.2 billion. Currently, Seagate's stock trades at $283.27, with a trailing P/E ratio of 32.25 and an impressive dividend yield of 114.4%.
The upcoming earnings report is scheduled for July 27, 2026, with analysts estimating an EPS of $3.14 and revenue of $2.9 billion. Recent performance has shown positive surprises, with Q1 2026 EPS reported at $2.61, exceeding estimates by 8.9%.
Analyst ratings serve as professional opinions informed by research and financial models. While these insights can offer valuable perspectives, they are based on assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and market trends, when making investment decisions. Analyst ratings are subject to change as new information becomes available, highlighting the importance of ongoing evaluation in the investment landscape.