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Analysts at RBC Capital increased their target price on shares of Seagate Technology PLC (NYSE:STX) from $60.00 to $62.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 5.64% from the company’s current price.

Shares of Seagate Technology PLC (NYSE:STX) traded down 0.46% on Tuesday, hitting $58.69. 2,359,714 shares of the company’s stock traded hands. Seagate Technology PLC has a 52-week low of $37.17 and a 52-week high of $62.76. The stock’s 50-day moving average is $55.07 and its 200-day moving average is $54.01. The company has a market cap of $19.166 billion and a price-to-earnings ratio of 13.13.

Seagate Technology PLC (NYSE:STX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.26 earnings per share. Seagate Technology PLC’s revenue was down 3.4% compared to the same quarter last year. Analysts expect that Seagate Technology PLC will post $5.04 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company LLC raised their price target on shares of Seagate Technology PLC from $62.00 to $67.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $59.26.

Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.

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