Seagate Technology’s (STX) Outperform Rating Reaffirmed at Wedbush

Seagate Technology (NASDAQ:STX)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research report issued to clients and investors on Wednesday,RTT News reports. They currently have a $150.00 price target on the data storage provider’s stock. Wedbush’s price target indicates a potential upside of 38.35% from the stock’s previous close. Wedbush also issued estimates for Seagate Technology’s Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $7.03 EPS, Q1 2026 earnings at $2.41 EPS, Q2 2026 earnings at $3.01 EPS and FY2026 earnings at $12.87 EPS.

STX has been the topic of a number of other reports. Barclays lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday. Bank of America raised their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho reduced their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Evercore ISI raised their target price on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Up 0.2 %

Shares of Seagate Technology stock opened at $108.42 on Wednesday. The firm has a market capitalization of $22.93 billion, a PE ratio of 19.82 and a beta of 1.06. The firm’s 50 day moving average is $94.55 and its 200 day moving average is $100.33. Seagate Technology has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 14.67% and a negative return on equity of 58.59%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business earned ($0.34) earnings per share. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. As a group, research analysts anticipate that Seagate Technology will post 7.18 earnings per share for the current year.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, SVP Kian Fatt Chong sold 9,182 shares of Seagate Technology stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,073 shares of company stock valued at $5,106,149. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology in the 3rd quarter worth $26,000. Quarry LP purchased a new position in Seagate Technology during the second quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Seagate Technology by 2,407.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 337 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after buying an additional 293 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.