Stx stock price has been hovering near $89

STX stock price has been hovering near $89.70, consolidating after last week’s volatile swing. Momentum indicators like RSI trending at 58 suggest moderate buying interest, with earnings season likely to be a short-term catalyst for upside movement. Analysts tracking STX stock forecast revenue to increase from $9.1 billion in fiscal 2025 to $12.3 billion in fiscal 2028. In this period, adjusted earnings are forecast to expand from $8.10 per share to $14.70 per share. Seagate Technology ( NASDAQ:STX - Get Free Report ) had its price objective increased by equities research analysts at Morgan Stanley from $168.00 to $265.00 in a research note issued to investors on Monday, MarketScreener reports. The firm presently has an "overweight" rating on the data storage provider's stock. Morgan Stanley's price objective indicates a potential upside of 15.02% from the company's previous close. STX stock price gained 1.2% in early trading to $91.30, as investors reacted to upbeat semiconductor supply chain news. Analysts predict STX could outperform peers if Q2 earnings surpass consensus expectations.