UBS Group Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price target hoisted by equities research analysts at UBS Group from $335.00 to $385.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the data storage provider’s stock. UBS Group’s price target suggests a potential downside of 13.79% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein raised their price objective on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Mizuho lifted their price target on Seagate Technology from $370.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday. BNP Paribas Exane raised Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price objective for the company in a research report on Wednesday, January 21st. Barclays lifted their target price on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Benchmark upped their price target on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 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 stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $411.04.

Seagate Technology Trading Up 0.8%

NASDAQ STX opened at $446.57 on Wednesday. Seagate Technology has a one year low of $63.19 and a one year high of $457.84. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.62. The firm has a market cap of $95.37 billion, a P/E ratio of 50.52, a P/E/G ratio of 1.29 and a beta of 1.60. The stock’s 50-day moving average is $301.25 and its 200-day moving average is $236.62.

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

Insiders Place Their Bets

In related news, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at approximately $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction 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. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 124,902 shares of company stock valued at $34,819,987 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology during the 4th quarter worth approximately $28,000. Concord Wealth Partners bought a new stake in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth raised its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Seagate Technology during the 4th quarter valued at $37,000. Institutional investors 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.