Seagate Technology (NASDAQ:STX) Price Target Raised to $650.00

Seagate Technology (NASDAQ:STX) had its price target boosted by Cantor Fitzgerald from $500.00 to $650.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the data storage provider’s stock.

Several other equities analysts have also recently issued reports on STX. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Argus raised their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Evercore increased their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Benchmark lifted their target price on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.48.

Seagate Technology Stock Performance

Shares of STX stock opened at $429.32 on Wednesday. The stock has a market capitalization of $93.62 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 0.91 and a beta of 1.62. Seagate Technology has a one year low of $63.19 and a one year high of $459.41. The company’s 50-day simple moving average is $320.55 and its 200-day simple moving average is $248.06. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts anticipate that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the transaction, the director owned 223 shares of the company’s stock, valued at $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 137,976 shares of company stock worth $45,330,378 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in STX. EverSource Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 9.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,202 shares of the data storage provider’s stock valued at $607,000 after buying an additional 186 shares in the last quarter. Americana Partners LLC acquired a new position in shares of Seagate Technology in the 4th quarter worth $600,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Seagate Technology during the fourth quarter worth $80,000. Evoke Wealth LLC purchased a new stake in shares of Seagate Technology during the fourth quarter valued at $303,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Seagate Technology by 224.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,698 shares of the data storage provider’s stock valued at $1,294,000 after purchasing an additional 3,252 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Key Seagate Technology News

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

• Positive Sentiment: Major broker Citigroup raised its price target to $480 and maintained a “buy” rating, signaling incremental analyst conviction and supporting upside expectations. MarketScreener: Citigroup adjusts Seagate price target to $480
• Positive Sentiment: BNP Paribas Exane lifted its target sharply to $530 and kept an “outperform” rating, a sizable bullish signal that likely boosted investor confidence. MarketScreener: BNP Paribas adjusts Seagate price target to $530
• Positive Sentiment: Cantor Fitzgerald reportedly set a $650 price target—an aggressive bull-case that adds to the narrative of strong long-term upside from AI-related storage demand. AmericanBankingNews: Seagate Given New $650.00 Price Target at Cantor Fitzgerald
• Positive Sentiment: Industry media (Zacks) is including STX on growth and momentum lists, citing AI-driven memory/storage demand and strong earnings growth — reinforcing investor interest in Seagate as an AI beneficiary. Zacks: 5 Growth Stocks to Buy in February to Enhance Your Portfolio Returns
• Neutral Sentiment: Zacks also highlighted STX in pieces about stocks that could beat earnings and show price strength; useful signals but not direct catalysts. Zacks: These 2 Computer and Technology Stocks Could Beat Earnings
• Negative Sentiment: Analysis in Forbes pointed to a recent sharp one-day decline driven by renewed worries over AI chip export restrictions to China and notable insider selling — issues that can pressure valuation and sentiment. Forbes: How Low Can Seagate Stock Go?
• Negative Sentiment: A Yahoo Finance piece flagged a CEO share sale, prompting fresh scrutiny of insider selling and the AI-storage valuation story; investor concern over timing and optics can be a headwind. Yahoo Finance: Seagate CEO Share Sale Prompts Fresh Look At AI Storage Valuation

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.