Sanford C. Bernstein Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its price objective upped by research analysts at Sanford C. Bernstein from $500.00 to $620.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the data storage provider’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 67.65% from the company’s previous close.

STX has been the subject of a number of other research reports. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Citigroup raised their target price on Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. initiated coverage on Seagate Technology in a research note on Monday. They issued an “overweight” rating and a $525.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Friday. Finally, UBS Group raised their price objective on Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $461.00.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded up $7.38 during midday trading on Tuesday, reaching $369.81. 973,673 shares of the stock were exchanged, compared to its average volume of 4,145,605. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm has a market cap of $80.64 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 0.85 and a beta of 1.61. The firm has a 50-day simple moving average of $398.12 and a two-hundred day simple moving average of $309.38. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $459.84.

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, 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 firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business 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 anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,635 shares of company stock worth $44,430,443 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several large investors have recently bought and sold shares of STX. Salomon & Ludwin LLC boosted its holdings in shares of Seagate Technology by 124.4% during the 4th 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 last quarter. Rakuten Securities Inc. grew 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 valued at $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth lifted 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. Finally, Concord Wealth Partners purchased a new position in Seagate Technology during the fourth quarter worth approximately $28,000. 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: Bernstein boosts its price target to $620 (from $500) and keeps an Outperform rating, providing a strong bullish catalyst that likely helped lift the stock as investors price in more upside. Seagate Technology Gets Bold $620 Target From Bernstein — Buy the Dip?
• Positive Sentiment: J.P. Morgan initiated coverage at Overweight with a $525 target, arguing AI-driven data‑center demand, cloud storage growth and pricing/margin improvement justify further gains despite the stock’s large rally. This initiation is a near-term demand driver for the shares. JP Morgan Initiates Coverage of Seagate Technology Holdings (STX) with Overweight Recommendation
• Positive Sentiment: Coverage pieces from Barron’s and other outlets highlight J.P. Morgan’s bullish thesis (AI demand, expanding margins), reinforcing investor confidence that fundamental drivers could sustain further gains. Seagate Stock Is Up 350% in a Year. Why J.P. Morgan Thinks It Can Go Further.
• Neutral Sentiment: Seagate is frequently listed among recent analyst calls and idea roundups, keeping it on investors’ radars but not adding a new fundamental catalyst on its own. Here Are Monday’s Top Wall Street Analyst Research Calls: Analog Devices, CrowdStrike, Expedia, Instacart, Live Nation, Qualcomm, Seagate, Starbucks, and More
• Neutral Sentiment: General investment‑idea roundups include Seagate alongside other storage/tech names — useful for visibility but not a direct driver of share moves. Zacks Investment Ideas feature highlights Alphabet’s, Sandisk and Micron
• Negative Sentiment: Short‑term weakness appeared earlier when the stock fell roughly 7% in a session; that pullback was framed by some outlets as a buying opportunity but underscores volatility after a massive rally. Seagate stock is crashing 7% today: why JP Morgan is bullish
• Negative Sentiment: Some analysts and articles urge a valuation check after a >300% one‑year surge — investors should be mindful of stretched multiples, high leverage and the risk of mean reversion if demand slows. Is It Time To Revisit Seagate Technology Holdings (STX) After Its 353% One Year Surge?

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.