China Renaissance Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its target price boosted by investment analysts at China Renaissance from $325.00 to $452.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. China Renaissance’s price objective would suggest a potential upside of 38.55% from the company’s current price.

STX has been the subject of several other research reports. Mizuho boosted their price target on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Argus raised their price target on shares of Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, October 30th. Fox Advisors upped their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Finally, TD Cowen raised their target price on Seagate Technology from $270.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.39.

Seagate Technology Trading Up 1.8%

STX opened at $326.23 on Thursday. The stock has a fifty day moving average price of $283.10 and a 200 day moving average price of $222.83. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $335.02. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 1.25 and a beta of 1.60.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 7,078 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total value of $1,926,206.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the sale, the director owned 12,244 shares in the company, valued at $3,261,924.04. This represents a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 132,557 shares of company stock valued at $36,847,793 in the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STX. Harbor Asset Planning Inc. bought a new position in shares of Seagate Technology during the second quarter valued at $27,000. Rakuten Securities Inc. raised its stake in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter worth approximately $28,000. MTM Investment Management LLC bought a new stake in Seagate Technology during the 2nd quarter worth approximately $29,000. Finally, First Horizon Corp acquired a new stake in Seagate Technology during the 3rd quarter valued at $33,000. Institutional investors own 92.87% of the company’s stock.

Trending Headlines about Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.