Seagate Technology (NASDAQ:STX) Price Target Raised to $380.00

Seagate Technology (NASDAQ:STX) had its price objective boosted by Wedbush from $290.00 to $380.00 in a research note issued to investors on Friday,MarketScreener reports. Wedbush currently has an outperform rating on the data storage provider’s stock.

Other equities analysts also recently issued reports about the stock. TD Cowen lifted their price target on shares of Seagate Technology from $270.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Robert W. Baird raised their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Citigroup boosted their target price on Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Loop Capital raised their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $356.09.

Seagate Technology Price Performance

Seagate Technology stock opened at $346.10 on Friday. The firm has a market capitalization of $73.91 billion, a P/E ratio of 44.43, a P/E/G ratio of 1.04 and a beta of 1.60. The stock has a fifty day moving average price of $289.16 and a two-hundred day moving average price of $230.60. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $350.05.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a $0.74 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.9%. Seagate Technology’s payout ratio is 38.00%.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 54,021 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the transaction, the chief financial officer owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This represents a 48.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total value of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. This represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,557 shares of company stock valued at $36,847,793 over the last 90 days. Company 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 stock. Armstrong Advisory Group Inc. bought a new position in Seagate Technology during the 4th quarter worth approximately $28,000. Avion Wealth boosted its position in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Seagate Technology in the 4th quarter valued at $37,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the 3rd quarter valued at $33,000. Finally, Raiffeisen Bank International AG acquired a new stake in Seagate Technology during the 3rd quarter worth $33,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

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.