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

Seagate Technology (NASDAQ:STX) had its price target boosted by research analysts at TD Cowen from $340.00 to $500.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the data storage provider’s stock. TD Cowen’s price objective would suggest a potential upside of 11.96% from the stock’s current price.

Several other research firms have also issued reports on STX. Wedbush raised their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. BNP Paribas Exane upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 target price on the stock in a report on Wednesday, January 21st. Bank of America boosted their target price on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Fox Advisors increased their price target on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Finally, Susquehanna raised shares of Seagate Technology from a “negative” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $411.04.

Seagate Technology Stock Up 0.8%

Shares of NASDAQ STX opened at $446.57 on Wednesday. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $457.84. The firm’s 50-day moving average is $301.25 and its 200-day moving average is $236.62. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 7.63. The firm 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 posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology will post 6.83 EPS for the current year.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 429,895 shares in the company, valued at $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated 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 directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 124,902 shares of company stock worth $34,819,987. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology during the second quarter worth $262,000. Public Employees Retirement System of Ohio bought a new position in Seagate Technology in the second quarter valued at $380,000. Sound Income Strategies LLC increased its stake in Seagate Technology by 143.3% in the 2nd quarter. Sound Income Strategies LLC now owns 1,535 shares of the data storage provider’s stock valued at $222,000 after buying an additional 904 shares during the last quarter. Finally, GC Wealth Management RIA LLC bought a new stake in Seagate Technology during the 2nd quarter worth about $286,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Seagate Technology News

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

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.