Rosenblatt Securities Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price objective hoisted by equities researchers at Rosenblatt Securities from $1,300.00 to $1,400.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 87.34% from the stock’s previous close.

Several other analysts also recently weighed in on STX. Wells Fargo & Company upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $900.00 to $1,100.00 in a research report on Friday, July 10th. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. TD Cowen boosted their price target on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Melius Research assumed coverage on Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. Finally, Evercore increased their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $923.00.

Seagate Technology Stock Down 8.5%

STX stock opened at $747.30 on Wednesday. Seagate Technology has a one year low of $138.30 and a one year high of $1,145.00. The firm’s 50 day moving average price is $894.95 and its 200-day moving average price is $618.98. The firm has a market cap of $167.57 billion, a PE ratio of 70.90 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company earned $2.59 earnings per share. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts anticipate that Seagate Technology will post 14.14 EPS for the current year.

Insider Activity

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. The trade was a 34.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares in the company, valued at $255,131,322.39. The trade was a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

Institutional investors have recently modified their holdings of the business. Walker Asset Management LLC purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $338,000. Ballast Inc. purchased a new position in Seagate Technology in the second quarter worth $222,000. Regent Peak Wealth Advisors LLC acquired a new stake in Seagate Technology in the second quarter valued at $354,000. Taylor & Morgan Wealth Management LLC lifted its holdings in Seagate Technology by 8.8% in the second quarter. Taylor & Morgan Wealth Management LLC now owns 603 shares of the data storage provider’s stock valued at $582,000 after acquiring an additional 49 shares during the period. Finally, Nolet Wealth Management LLC purchased a new stake in shares of Seagate Technology during the 2nd quarter worth $293,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Seagate Technology News

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

• Positive Sentiment: Strong earnings beat: Seagate reported adjusted EPS of $5.71, above the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion, topping expectations of approximately $3.50 billion. Net income increased to $1.29 billion from $488 million a year earlier. Seagate fiscal fourth-quarter results
• Positive Sentiment: Outlook materially exceeded estimates: Seagate forecast fiscal first-quarter 2027 revenue of $4.0 billion to $4.2 billion and EPS of $7.10 to $7.50, compared with analyst estimates of $3.7 billion and $5.63, respectively. The outlook reflects robust demand for high-capacity drives from cloud and AI data centers. Seagate AI-driven storage outlook
• Positive Sentiment: Improving cash generation and technology position: Management highlighted record fiscal 2026 profitability, 34% annual revenue growth and $3.1 billion in free cash flow. Its HAMR/Mozaic technologies are increasing drive capacity without requiring equivalent manufacturing expansion, supporting margins as AI storage demand grows.
• Neutral Sentiment: Dividend maintained: Seagate declared a quarterly dividend of $0.74 per share, payable October 7 to shareholders of record September 24. The annualized yield is approximately 0.4%, making the payment supportive but modest relative to the stock’s valuation.
• Negative Sentiment: Valuation and profit-taking remain headwinds: STX had already more than doubled during the year and recently traded near its all-time high, leaving the shares vulnerable to a “sell-the-news” reaction even after the earnings beat. The broader pullback in AI and memory-related stocks may also be amplifying volatility.

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.