Seagate Technology (NASDAQ:STX) Price Target Raised to $1,000.00 at Evercore

Seagate Technology (NASDAQ:STX) had its target price upped by Evercore from $750.00 to $1,000.00 in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the data storage provider’s stock.

STX has been the subject of several other reports. TD Cowen upped their price target on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup upped their price target on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays upped their price target on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group upped their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Argus upped their price target on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $719.54.

Seagate Technology Stock Performance

Seagate Technology stock opened at $808.79 on Tuesday. The firm has a market capitalization of $181.35 billion, a P/E ratio of 76.74 and a beta of 1.98. The stock has a fifty day moving average price of $500.14 and a 200 day moving average price of $382.23. Seagate Technology has a 52 week low of $101.55 and a 52 week high of $841.31. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts anticipate that Seagate Technology will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Insider Buying and Selling

In other news, CFO Gianluca Romano sold 1,902 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $770.00, for a total value of $1,464,540.00. Following the completion of the sale, the chief financial officer owned 40,945 shares of the company’s stock, valued at $31,527,650. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the sale, the executive vice president directly owned 11,954 shares of the company’s stock, valued at $8,826,474.98. The trade was a 32.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 102,723 shares of company stock valued at $53,301,684. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Temasek Holdings Private Ltd purchased a new stake in shares of Seagate Technology in the first quarter worth about $22,763,000. ABN Amro Investment Solutions purchased a new stake in shares of Seagate Technology in the first quarter worth about $5,513,000. Oslo Pensjonsforsikring AS purchased a new position in Seagate Technology in the first quarter valued at about $358,000. Baader Bank Aktiengesellschaft boosted its holdings in Seagate Technology by 263.1% in the first quarter. Baader Bank Aktiengesellschaft now owns 6,140 shares of the data storage provider’s stock valued at $2,405,000 after purchasing an additional 4,449 shares during the last quarter. Finally, Andra AP fonden purchased a new position in Seagate Technology in the first quarter valued at about $12,805,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology from $750 to $1,000 and reiterated an outperform rating, signaling confidence in further upside from current levels.
• Positive Sentiment: BofA Securities lifted its price target to $840 from $700 and kept a Buy rating after Seagate delivered strong fiscal third-quarter 2026 results, reinforcing optimism around earnings and demand. Seagate Technology Holdings Plc (STX) Poised for Robust Growth as a Top Tech Stock in Louis Navellier’s Portfolio
• Positive Sentiment: Market commentary notes Seagate has been one of the standout tech performers in 2026, with the stock hitting all-time highs amid a multi-quarter earnings inflection and strong sector appetite for memory-related names. Seagate Technology (STX) At Its All-Time High Following A Multi-Quarter Earnings Inflection
• Neutral Sentiment: Reports showing increased attention on memory-focused funds, such as the Roundhill Memory ETF, support broader investor enthusiasm for the storage and memory cycle, which may be helping sentiment toward Seagate.
• Negative Sentiment: There was a reported increase in short interest, but the filing data appears inconsistent and showed zero shares outstanding, so this looks unlikely to be a meaningful bearish catalyst.

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.