Seagate: Why The HAMR Era Isn't Priced In Yet
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The Curious Analyst3.39K FollowersFollow5ShareSavePlay(14min)CommentsSummaryI reaffirm my positive outlook on Seagate Technology (STX), given the HAMR ramp-up strategy into 2026.HAMR will position Seagate as a leader and unlock multiple opportunities for the company in 2026. STX posted a strong double-beat quarter, driven by HAMR ramp.Despite the stock price surge, STX trades at an FWD PEG below the sector median, remaining undervalued relative to peers and offering continued upside. ridham supriyanto/iStock Editorial via Getty Images Investment Thesis When I first initiated coverage on Seagate Technology Holdings (NASDAQ:STX), my confidence stemmed from STX's strong execution, secular tailwinds in data storage, and the rollout of HAMR technology. Yet since then, the stock has surged by 137% as of writing thisThis article was written byThe Curious Analyst3.39K FollowersFollowMy background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data-driven models and fundamental research. My investing approach is centered on a structured process that combines top-down screening with bottom-up company-specific analysis — using metrics such as PEG ratios.I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make compelling research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with the another author Kennedy NjagiAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in STX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You