Seagate Technology (NASDAQ:STX) is coming off a fiscal 2026 with record revenue growth of 34.06% and $3.105 billion in free cash flow, driven by hyperscaler demand for mass-capacity HDDs. The company's Q4 revenue reached $3.629 billion, with non-GAAP EPS of $5.71, and management guided fiscal Q1 2027 revenue to $4.1 billion and EPS to $7.30. Analysts from 24/7 Wall St. project a 16.72% upside from the current price of $794.65, assigning a 90% confidence level to their "buy" recommendation. CEO Dave Mosley raised the multi-year revenue growth floor to at least 20%, with nearline capacity almost fully allocated through calendar 2027.