Seagate Technology (NASDAQ:STX) Price Target Raised to $385.00

Seagate Technology (NASDAQ:STX) had its price objective raised by investment analysts at UBS Group from $335.00 to $385.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the data storage provider’s stock. UBS Group’s price target would indicate a potential downside of 11.25% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Fox Advisors increased their price target on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Barclays increased their price target on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $389.09.

Seagate Technology Price Performance

Seagate Technology stock traded up $62.04 during trading hours on Wednesday, hitting $433.80. 5,943,222 shares of the stock traded hands, compared to its average volume of 3,977,542. The firm’s 50 day moving average price is $293.46 and its 200-day moving average price is $233.69. The stock has a market capitalization of $92.64 billion, a price-to-earnings ratio of 56.02, a P/E/G ratio of 1.06 and a beta of 1.60. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $442.49.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts forecast that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Activity

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the sale, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total value of $1,926,206.92. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 132,557 shares of company stock worth $36,847,793. 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 added to or reduced their stakes in the business. Vision Financial Markets LLC bought a new position in Seagate Technology in the 2nd quarter valued at approximately $173,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Seagate Technology in the third quarter valued at $1,864,000. Nordea Investment Management AB boosted its position in shares of Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd grew its stake in shares of Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after buying an additional 12,178 shares during the period. Finally, Channing Capital Management LLC acquired a new position in Seagate Technology during the 2nd quarter worth approximately $4,542,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Q2 beat and upbeat guidance — Seagate reported EPS $3.11 vs. ~$2.77 consensus and revenue $2.83B, delivered record gross and operating margins, and set Q3 EPS guidance of $3.20–3.60 (above Street estimates), citing strong AI/data-center demand. Seagate Technology Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (TD Cowen & Rosenblatt to $500; Mizuho to $400), signaling increased sell-side conviction that Seagate will benefit from sustained AI-led capacity demand. Seagate Technology (NASDAQ:STX) Trading 6.5% Higher on Analyst Upgrade
• Positive Sentiment: High-profile bullish commentary — Broad market coverage and comments (e.g., Jim Cramer) highlighting supply shortages and strong secular demand have supported momentum and investor sentiment. Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Neutral Sentiment: Dividend announced — Seagate declared a quarterly dividend of $0.74 per share (record March 25; payable April 8), a modest yield that supports income-minded holders but is not the primary catalyst for the move.
• Neutral Sentiment: Earnings materials & call transcript available — Detailed call and slide deck were posted (useful for modelers and quant traders assessing margins and capacity ramp timing). Seagate Technology Holdings plc (NASDAQ:STX) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Momentum/valuation risk — The stock has run up sharply into key resistance and sports a rich valuation vs. history; some coverage notes traders are taking profits despite strong results. Short-term pullback risk exists if execution or orders slow. Seagate Technology stock hits key resistance ahead of its earnings: buy or sell?
• Negative Sentiment: Early profit-taking reported — Some outlets flagged that the stock “cooled off” in parts of the session after the headline beat, indicating mixed intraday flows and the potential for volatility despite fundamentally strong results. Seagate Technology cools off despite strong Q2 results, guidance

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.