Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Seagate Technology (NASDAQ:STX) had its price target hoisted by equities researchers at Robert W. Baird from $270.00 to $505.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 23.87% from the stock’s previous close.

Several other equities analysts have also commented on the company. KeyCorp set a $500.00 price target on Seagate Technology in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Exane BNP Paribas raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. BNP Paribas Exane raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target on the stock in a research note on Wednesday, January 21st. Finally, Fox Advisors upped their price objective on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $417.57.

Seagate Technology Price Performance

STX opened at $407.69 on Thursday. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $457.84. The company has a 50 day moving average of $304.66 and a two-hundred day moving average of $238.42. The company has a market cap of $87.07 billion, a P/E ratio of 46.12, a P/E/G ratio of 1.06 and a beta of 1.60. 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 (NASDAQ:STX) last announced 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 firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company earned $2.03 EPS. The firm’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Insiders Place Their Bets

In other Seagate Technology 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 completion of the sale, the chief financial officer 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Ci Lee sold 673 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president directly owned 257 shares in the company, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 124,902 shares of company stock worth $34,819,987. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently bought and sold shares of STX. Salomon & Ludwin LLC grew its holdings in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the 4th quarter valued at approximately $28,000. Concord Wealth Partners bought a new position in Seagate Technology during the 4th quarter worth $28,000. Avion Wealth increased its position in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Seagate Technology in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. 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.