Seagate Price Target Increased to $65.00 by Analysts at Pacific Crest (STX)
Stock analysts at Pacific Crest upped their target price on shares of Seagate (NYSE:STX) to $65.00 in a report issued on Thursday, Analyst Ratings Net reports. Pacific Crest’s price target points to a potential upside of 15.74% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Seagate from an “underweight” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $55.00 price target on the stock, up previously from $36.00. Separately, analysts at Citigroup Inc. upgraded shares of Seagate from a “neutral” rating to a “buy” rating in a research note to investors on Friday, December 13th. They now have a $62.00 price target on the stock, up previously from $47.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Seagate in a research note to investors on Thursday, November 28th. They now have a $51.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Seagate currently has a consensus rating of “Buy” and an average price target of $53.06.
Shares of Seagate (NYSE:STX) opened at 56.16 on Thursday. Seagate has a one year low of $30.26 and a one year high of $57.07. The stock’s 50-day moving average is $51.00 and its 200-day moving average is $45.57. The company has a market cap of $18.316 billion and a P/E ratio of 12.48.
Seagate (NYSE:STX) last issued its quarterly earnings data on Monday, October 28th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by $0.14. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that Seagate will post $5.30 earnings per share for the current fiscal year.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.