The Goldman Sachs Group Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its price objective raised by investment analysts at The Goldman Sachs Group from $310.00 to $385.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the data storage provider’s stock. The Goldman Sachs Group’s price target suggests a potential downside of 13.57% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Argus boosted their price objective on shares of Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, October 30th. Wells Fargo & Company upped their target price on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Robert W. Baird raised their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Loop Capital upped their price target on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.35.

Seagate Technology Price Performance

Seagate Technology stock traded up $73.70 during mid-day trading on Wednesday, hitting $445.46. 10,219,045 shares of the company’s stock traded hands, compared to its average volume of 4,227,714. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $449.50. The stock has a market cap of $95.13 billion, a price-to-earnings ratio of 57.19, a P/E/G ratio of 1.06 and a beta of 1.60. The firm has a 50 day simple moving average of $293.46 and a two-hundred day simple moving average of $233.69.

Seagate Technology (NASDAQ:STX) last posted its 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. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $2.03 EPS. Seagate Technology’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, research analysts anticipate that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the sale, the chief executive officer directly owned 465,668 shares of the company’s stock, valued at approximately $122,386,863.76. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This represents a 48.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

Hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in Seagate Technology in the 2nd quarter worth approximately $27,000. Salomon & Ludwin LLC increased its holdings in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the period. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology during the fourth quarter valued at $28,000. Finally, Avion Wealth grew its position in Seagate Technology by 343.5% during 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 in the last quarter. 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: Q2 results: Seagate beat EPS and revenue estimates (EPS $3.11 vs ~2.8 est.; revenue $2.83B) and highlighted record gross/operating margins. This is the primary catalyst behind the stock rally. Read More.
• Positive Sentiment: Raised guidance and AI demand: Seagate set Q3 EPS guidance of $3.20–3.60 and revenue of $2.8–3.0B (above street), citing strong AI-led storage demand and nearline capacity ramp — reinforcing the earnings beat. Read More.
• Positive Sentiment: Multiple bullish analyst moves: Several firms raised price targets and issued buy/overweight ratings (notably Rosenblatt, TD Cowen and Cantor Fitzgerald moving targets toward $500), signaling analyst confidence in Seagate’s AI-driven growth trajectory. Read More.
• Positive Sentiment: Dividend announced: Seagate declared a quarterly dividend ($0.74 per share), a modest but shareholder-friendly action that supports income-minded investors.
• Neutral Sentiment: Selective analyst upgrades with neutral stance: Wells Fargo raised its target to $450 but kept an “equal weight” rating, signaling cautious optimism without conviction. Read More.
• Neutral Sentiment: Mixed signals from some brokers: Mizuho lifted its target to $400 and maintained an “outperform” call despite a target below the current price — an example of divergent analyst views on how far shares can run. Read More.
• Negative Sentiment: Some price targets remain below the current level (UBS $385, Barclays $425), which could cap upside or invite profit-taking as different analysts assess sustainability of the rally. Read More. Read More.
• Negative Sentiment: Near-term volatility/profit-taking risk: Commentary notes the stock “cooling off” at times despite strong results — a reminder that heavy post-earnings gains can attract short-term sellers. Read More.

Seagate Technology Company Profile

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.