Seagate Technology PLC Given New $74.00 Price Target at Deutsche Bank (STX)
Equities research analysts at Deutsche Bank boosted their price objective on shares of Seagate Technology PLC (NYSE:STX) from $64.00 to $74.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 24.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on STX. Analysts at RBC Capital raised their price target on shares of Seagate Technology PLC from $60.00 to $62.00 in a research note on Tuesday, July 8th. They now have an “outperform” rating on the stock. Separately, 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, July 7th. They now have a “buy” rating on the stock. Finally, 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. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $60.61.
Seagate Technology PLC (NYSE:STX) traded up 0.30% on Monday, hitting $59.6299. 491,372 shares of the company’s stock traded hands. Seagate Technology PLC has a one year low of $37.17 and a one year high of $62.76. The stock’s 50-day moving average is $55.96 and its 200-day moving average is $54.12. The company has a market cap of $19.473 billion and a price-to-earnings ratio of 13.24.
Seagate Technology PLC (NYSE:STX) last released its earnings data on Tuesday, April 29th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Seagate Technology PLC will post $5.04 EPS for the current fiscal year.
Seagate Technology plc (NYSE:STX) is the provider of electronic data storage products.
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