Skip to content

The S&P 500 has a new leader with nearly 80% gains YTD, and it’s not what you think

Diana Paluteder

Seagate Technology has taken the spot as the S&P 500’s leading performer this year, riding the AI boom to overtake the high-profile tech names that usually dominate the benchmark index

Seagate Technology Holdings (NASDAQ: STX) has surged 76.04% in 2025, making it the top performer in the index year-to-date. The stock hit a fresh 52-week high of $151.94 on Wednesday, climbing 4.76% and marking its eighth consecutive day of gains.

Seagate Technology price forecast

Among the 16 analysts covering Seagate, the consensus rating is “Moderate Buy,” with 11 buy recommendations and 5 holds. Notably, the STX stock has received zero sell ratings. Price targets range from a low of $85 to a high of $200.

STX 12-month price forecast. Source: TipRanks 

With shares trading at $151.94, Seagate is 11.98% above the average analyst price target of $127.67. 

The company faces a key test on July 22 when it reports fiscal Q4 2025 results. The Street expects earnings of $2.17 per share, representing 149.4% growth from the year-ago quarter.

Data storage demand drives momentum

Seagate’s rally reflects broader trends in data infrastructure demand. As the second-largest U.S. manufacturer of hard disk drives, the $30.8 billion company has benefited from a strong appetite for storage solutions across enterprise and consumer markets.

The momentum started with April’s Q3 earnings beat, when Seagate reported $1.90 per share and $2.2 billion in revenue, both above estimates. The stock jumped 11.6% as management guided for Q4 revenue of $2.4 billion and earnings of $2.40 per share. 

Strong demand for mass capacity storage, AI-integrated devices, and the Windows 11 refresh cycle has sustained investor interest.

Featured image via Shutterstock.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Stocks

Trade, Swap & Stake Crypto on Uphold

Buy, sell, and swap crypto. Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. Terms apply. Capital at risk.

Get Started

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.