Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Barclays Analyst Says

Seagate Technology (NASDAQ:STX) had its price target increased by analysts at Barclays from $240.00 to $370.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the data storage provider’s stock. Barclays‘s target price points to a potential upside of 13.42% from the company’s previous close.

STX has been the subject of a number of other reports. Rosenblatt Securities upped their target price on Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Argus upped their price objective on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Robert W. Baird raised their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group cut their price target on shares of Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.39.

Seagate Technology Trading Up 1.8%

Shares of STX opened at $326.23 on Thursday. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $335.02. The firm’s 50 day moving average is $283.10 and its 200-day moving average is $222.83. The stock has a market capitalization of $69.67 billion, a PE ratio of 41.88, a P/E/G ratio of 1.25 and a beta of 1.60.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 1,412 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $299.31, for a total value of $422,625.72. Following the completion of the transaction, the executive vice president directly owned 13,693 shares in the company, valued at approximately $4,098,451.83. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director directly owned 12,244 shares in the company, valued at $3,261,924.04. The trade was a 14.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 132,557 shares of company stock valued at $36,847,793. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology during the fourth quarter worth $28,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the 3rd quarter valued at about $33,000. Raiffeisen Bank International AG acquired a new stake in shares of Seagate Technology in the third quarter valued at about $33,000. Physician Wealth Advisors Inc. lifted its position in shares of Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Palisade Asset Management LLC acquired a new stake in Seagate Technology during the 3rd quarter worth about $37,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Seagate Technology News

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

About Seagate Technology

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.