Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Seagate Technology (NASDAQ:STX) had its target price increased by Wells Fargo & Company from $360.00 to $450.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the data storage provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.77% from the company’s current price.

STX has been the subject of a number of other reports. Fox Advisors lifted their price target on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and raised their price objective for the company from $150.00 to $280.00 in a research note on Friday, January 16th. Mizuho boosted their target price on Seagate Technology from $370.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday. Robert W. Baird raised their price target on Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein lifted their price target on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $411.04.

Seagate Technology Price Performance

Seagate Technology stock opened at $446.57 on Wednesday. The company has a market cap of $95.37 billion, a P/E ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60. Seagate Technology has a one year low of $63.19 and a one year high of $457.84. The business has a fifty day moving average of $301.25 and a two-hundred day moving average of $236.62. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.62 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $2.03 EPS. The business’s 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. As a group, analysts predict that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of 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 filing with the SEC, which is available through the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction that occurred 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 $16,052,511.88. The trade was a 48.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 124,902 shares of company stock worth $34,819,987 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

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

More 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

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.