Argus Boosts Seagate Technology (NASDAQ:STX) Price Target to $450.00

Seagate Technology (NASDAQ:STX) had its price target increased by research analysts at Argus from $300.00 to $450.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Argus’ price objective points to a potential upside of 0.77% from the stock’s previous close.

Several other research analysts have also issued reports on STX. Mizuho increased 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. Rosenblatt Securities upped their price target on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday. China Renaissance raised their price objective on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Wedbush upped their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, Citigroup increased their price target on shares of Seagate Technology from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $417.57.

Seagate Technology Stock Up 0.8%

Shares of NASDAQ STX opened at $446.57 on Thursday. The firm has a fifty day simple moving average of $301.25 and a two-hundred day simple moving average of $236.62. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $457.84. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 7.63. The firm has a market capitalization of $95.37 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60.

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 the consensus estimate 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 company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Activity at Seagate Technology

In other news, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was 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 of the company’s stock, valued at $16,052,511.88. This represents a 48.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the sale, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. The trade was a 11.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 124,902 shares of company stock valued at $34,819,987 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Institutional investors have recently made changes to their positions in the stock. Sovereign Financial Group Inc. raised its holdings in shares of Seagate Technology by 3.2% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after purchasing an additional 33 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Seagate Technology by 0.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock worth $1,500,000 after purchasing an additional 33 shares during the period. West Family Investments Inc. raised its stake in Seagate Technology by 2.7% during the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after buying an additional 37 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Seagate Technology by 1.9% during the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock valued at $537,000 after buying an additional 37 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Seagate Technology by 0.7% during the 4th quarter. Diversify Advisory Services LLC now owns 5,880 shares of the data storage provider’s stock valued at $1,619,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Q2 results and guidance beat — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus) and set Q3 FY2026 EPS guidance of $3.20–$3.60, lifting confidence in near‑term profitability and growth. Read More.
• Positive Sentiment: Management demand commentary — CEO/management said Seagate is effectively sold out through 2026 as AI-driven data center demand ramps, supporting revenue visibility and pricing power for nearline capacity. Read More.
• Positive Sentiment: Large analyst upgrades and target increases — Multiple firms raised targets and ratings after the print (examples: Robert W. Baird to $505, Cantor Fitzgerald to $500, Citigroup to $460, Evercore to $450), which likely accelerated momentum and institutional flows. Read More.
• Neutral Sentiment: Broader analyst coverage is mixed on longer‑term valuation — while many shops turned bullish, a subset of large banks still show more conservative/neutral targets versus the rally, indicating differing views on sustainability. Read More.
• Neutral Sentiment: Dividend and institutional flows — Seagate declared a quarterly dividend (modest yield ~0.7%), and institutional ownership remains high; these are shareholder‑friendly but secondary drivers relative to the earnings/growth news.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares (~$235k) recently, cutting his holding materially; although small versus market cap, insider selling can be viewed negatively by some investors. 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.