Seagate Technology Holdings plc (NASDAQ:STX) is a top 12 aggressive growth stock to buy according to hedge funds, with a revenue growth of 49.10% and 46 hedge fund investors in Q3 of 2024. The company specializes in computer hardware, including hard disk drives and solid-state drives. While the stock has seen modest gains year-to-date, its focus on AI data center demand and new storage technologies like Heat-Assisted Magnetic Recording drives positions it as a promising investment. Seagate’s management is optimistic about the future potential of its products, with a projected revenue ramp timing for its HAMR drives set for mid-calendar 2025. The company ranks 6th on the list of aggressive growth stocks, with hedge fund interest backing its potential. However, while Seagate holds promise as an investment, the article suggests that AI stocks may offer greater returns within a shorter timeframe. The landscape surrounding growth stocks is dynamic, with changing market conditions affecting stock prices and investor sentiment. As such, investors are advised to do thorough research and consider factors like hedge fund interest and revenue growth when making investment decisions in aggressive growth stocks.
Source
Photo credit finance.yahoo.com
Is Seagate Technology Holdings plc (STX) One of the Top Aggressive Growth Stocks Recommended by Hedge Funds to Buy?
