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

Seagate Technology (NASDAQ:STX) had its price target raised by research analysts at Rosenblatt Securities from $370.00 to $500.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Rosenblatt Securities’ price objective points to a potential upside of 11.96% from the stock’s current price.

A number of other brokerages have also commented on STX. Wedbush upped their price objective on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. The Goldman Sachs Group lifted their price objective on shares of Seagate Technology from $280.00 to $310.00 and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Exane BNP Paribas upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $411.04.

Seagate Technology Stock Up 0.8%

Seagate Technology stock opened at $446.57 on Wednesday. The company has a 50 day moving average of $301.25 and a 200-day moving average of $236.62. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $457.84. The stock has a market capitalization of $95.37 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the business posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 13,693 shares of the company’s stock, valued at $4,098,451.83. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction that occurred 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 directly owned 56,293 shares in the company, valued at $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,902 shares of company stock worth $34,819,987 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

Several large investors have recently modified their holdings of STX. Aprio Wealth Management LLC bought a new stake in shares of Seagate Technology during the 4th quarter worth about $208,000. D.A. Davidson & CO. lifted its position in Seagate Technology by 16.4% during the fourth quarter. D.A. Davidson & CO. now owns 5,111 shares of the data storage provider’s stock worth $1,408,000 after acquiring an additional 721 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Seagate Technology during the fourth quarter worth approximately $44,000. Pictet Asset Management Holding SA boosted its holdings in shares of Seagate Technology by 3.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 133,255 shares of the data storage provider’s stock worth $36,713,000 after acquiring an additional 4,553 shares during the period. Finally, Physician Wealth Advisors Inc. grew its position in shares of Seagate Technology by 30.4% in the fourth quarter. Physician Wealth Advisors Inc. now owns 193 shares of the data storage provider’s stock valued at $53,000 after purchasing an additional 45 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus), delivered record margins and issued Q3 EPS guidance of $3.20–$3.60 (above Street estimates); this fundamental beat and stronger outlook are the main catalysts lifting the stock. Seagate Q2 Highlights
• Positive Sentiment: Demand commentary — Management said Seagate is effectively sold out through 2026 as AI-led data-center demand ramps, supporting visibility into revenue and pricing power for nearline capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Large analyst target upgrades — Multiple firms raised price targets and ratings after the print (examples: Robert W. Baird to $505, Cantor/Rosenblatt/TD Cowen to $500+, Evercore to $450 and Citigroup to $460), which likely amplified buying from momentum and institutional flows. Evercore Price Target Update
• Neutral Sentiment: Mixed analyst positioning — Some houses raised targets but a few major banks still have neutral/discounted targets relative to the rally (Goldman/UBS/Barclays still below the intraday highs), signaling differing views on sustainable valuation. Analyst Rating Coverage
• Neutral Sentiment: Dividend maintained — Seagate declared a quarterly dividend (modest yield ~0.7%), a shareholder-friendly item but unlikely to be a primary driver of the share move.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares recently, reducing his holdings materially; insider sales can be interpreted negatively by some investors even though the sale size is small relative to the market cap. SEC Form 4

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.