Share on StockTwits

Equities researchers at Needham & Company LLC increased their price objective on shares of Seagate Technology PLC (NYSE:STX) from $62.00 to $67.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 13.06% from the company’s current price.

Seagate Technology PLC (NYSE:STX) opened at 59.26 on Monday. Seagate Technology PLC has a one year low of $37.17 and a one year high of $62.76. The stock has a 50-day moving average of $54.73 and a 200-day moving average of $53.93. The company has a market cap of $19.352 billion and a price-to-earnings ratio of 13.15. Seagate Technology PLC also saw some unusual options trading activity on Friday. Stock traders bought 3,161 put options on the stock. This is an increase of approximately 141% compared to the typical daily volume of 1,313 put options.

Seagate Technology PLC (NYSE:STX) last announced its earnings results on Tuesday, April 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Seagate Technology PLC will post $5.04 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Seagate Technology PLC in a research note on Friday, June 27th. They now have a $60.00 price target on the stock. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of Seagate Technology PLC in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $59.16.

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.