Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Seagate Technology (NASDAQ:STX) had its price target boosted by analysts at Sanford C. Bernstein from $500.00 to $620.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the data storage provider’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 46.53% from the stock’s current price.

A number of other brokerages have also weighed in on STX. Barclays increased their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Wedbush upped their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. began coverage on shares of Seagate Technology in a research note on Monday. They issued an “overweight” rating and a $525.00 price objective for the company. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $461.00.

Seagate Technology Stock Performance

Shares of STX opened at $423.12 on Tuesday. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $459.84. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock’s fifty day moving average price is $401.01 and its two-hundred day moving average price is $311.55. The firm has a market cap of $92.27 billion, a PE ratio of 47.86, a PEG ratio of 0.87 and a beta of 1.61.

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 the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Seagate Technology will post 6.83 EPS for the current year.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders sold 113,635 shares of company stock valued at $44,430,443 in the last three months. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. National Pension Service grew its stake in Seagate Technology by 28.0% in the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after buying an additional 54,722 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $1,864,000. Keystone Investors PTE Ltd. lifted its holdings in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after acquiring an additional 18,000 shares during the last quarter. Vision Financial Markets LLC lifted its holdings in shares of Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock worth $1,251,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Estate Counselors LLC purchased a new position in Seagate Technology in the third quarter worth $2,557,000. 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: Sanford C. Bernstein raised its price target sharply to $620 and kept an Outperform rating, highlighting confidence in Seagate’s long-term demand and framing recent weakness as a buying opportunity. Bernstein $620 Target
• Positive Sentiment: JPMorgan initiated coverage with an Overweight (market-available reports indicate an upbeat stance), adding institutional analyst support that can lift sentiment and flows into the stock. JPMorgan Initiates Coverage
• Positive Sentiment: Recent quarterly results beat estimates (EPS and revenue) and management set solid next-quarter EPS guidance, which underpins the rally and the bullish analyst takes. Earnings & Analysis
• Neutral Sentiment: Several bullish commentaries argue the recent pullback is a buying opportunity; these are outlook/opinion pieces that can influence retail sentiment but are not new fundamentals. Opportunity Thesis
• Neutral Sentiment: MarketWatch and other outlets note Seagate outperformed peers on a strong trading day — useful for momentum traders but more descriptive than catalytic. Trading Day Report
• Negative Sentiment: Zacks downgraded STX from “strong-buy” to “hold,” which could temper momentum from recent upgrades and make some investors cautious. Zacks Downgrade
• Negative Sentiment: Analysts and commentaries flagged valuation concerns after the run-up — several pieces argue the stock is pricey versus the story, which raises risk for profit-taking. Valuation Skepticism
• Negative Sentiment: Sector-wide volatility—driven by reports of Nvidia design shifts and algorithm/quant trading (TurboQuant) that hit memory/storage names—adds risk of short-term pullbacks independent of Seagate’s fundamentals. Sector Volatility

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.