Seagate Technology (NASDAQ:STX) Price Target Raised to $750.00

Seagate Technology (NASDAQ:STX) had its price objective hoisted by Argus from $450.00 to $750.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Argus’ price objective would suggest a potential upside of 11.34% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Mizuho lifted their price target on shares of Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays raised their target price on shares of Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore raised their price target on Seagate Technology from $550.00 to $750.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $709.13.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $673.64 on Thursday. The stock has a market capitalization of $146.90 billion, a P/E ratio of 63.91, a P/E/G ratio of 1.06 and a beta of 1.61. The business has a 50-day moving average of $454.23 and a two-hundred day moving average of $356.06. Seagate Technology has a fifty-two week low of $89.89 and a fifty-two week high of $697.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts predict that Seagate Technology will post 12.26 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 90,430 shares of company stock valued at $37,129,976. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Seagate Technology during the 4th quarter worth about $28,000. McMillan Office Inc. acquired a new stake in shares of Seagate Technology during the 1st quarter valued at about $39,000. Finally, Avion Wealth boosted its position in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Q3 results beat expectations: Seagate reported $4.10 EPS and $3.11B revenue, with management citing AI-driven demand that lifted nearline shipments and margins — the core trigger for the rally. Seagate shares climb as AI-driven demand drive Q3 beat
• Positive Sentiment: Analysts are raising targets and adding conviction: multiple firms (e.g., Bernstein, Rosenblatt, JPMorgan, Morgan Stanley and others) lifted price targets and ratings, including some outsized $1,000 calls — supporting momentum and buy-side flows. Bernstein adjusts Seagate price target
• Positive Sentiment: Sustained AI demand signal across peers: Sandisk and Western Digital also flagged stronger-than-expected AI/data‑center spending, reinforcing sector momentum that benefits Seagate’s nearline HDD business. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Neutral Sentiment: Seagate launched refreshed storage products aimed at high‑res media and AI workflows — supportive for commercial positioning but incremental to near‑term financials. Seagate launches refreshed storage lineup
• Negative Sentiment: Valuation and cycle risk concerns: some analysts and commentaries warn STX may be richly priced versus fundamentals and that hyperscaler capex could peak, making the stock vulnerable if AI spending moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle
• Negative Sentiment: Calls of overvaluation: at least one analyst piece labels Seagate the most overvalued memory stock despite operational strength, reminding investors that strong momentum can coexist with stretched multiples. Seagate: The Most Overvalued Memory Stock Might Be The Best Pick (Upgrade)

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.