Wells Fargo & Company Raises Seagate Technology (NASDAQ:STX) Price Target to $360.00

Seagate Technology (NASDAQ:STX) had its price objective hoisted by stock analysts at Wells Fargo & Company from $250.00 to $360.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the data storage provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 10.35% from the company’s previous close.

STX has been the topic of several other reports. Mizuho boosted their target price on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Benchmark boosted their price objective on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Bank of America raised their target price on Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Wedbush upped their price target on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $326.23 on Thursday. The company’s fifty day moving average is $283.10 and its 200-day moving average is $222.83. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $335.02. The company 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 Activity at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the transaction, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This represents a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction on 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 owned 13,693 shares in the company, valued at $4,098,451.83. This represents a 9.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 132,557 shares of company stock worth $36,847,793 over the last 90 days. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently modified their holdings of the business. WCM Investment Management LLC bought a new stake in Seagate Technology during the 3rd quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Norges Bank acquired a new stake in Seagate Technology in the 2nd quarter valued at approximately $197,027,000. Boston Partners bought a new position in shares of Seagate Technology during the 2nd quarter worth approximately $193,500,000. Finally, Soroban Capital Partners LP raised its holdings in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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.