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

Seagate Technology (NASDAQ:STX) had its price target raised by analysts at Mizuho from $160.00 to $245.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price target would suggest a potential upside of 10.74% from the company’s previous close.

Several other analysts have also recently weighed in on STX. Morgan Stanley lifted their price target on Seagate Technology from $167.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Bank of America lifted their price target on Seagate Technology from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, September 15th. UBS Group lifted their price target on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Citigroup raised their price objective on Seagate Technology from $167.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Rosenblatt Securities raised their price objective on Seagate Technology from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $177.95.

Seagate Technology Trading Up 2.1%

NASDAQ:STX opened at $221.23 on Friday. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $221.66. The business’s 50-day moving average price is $166.69 and its two-hundred day moving average price is $125.77. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 1.28 and a beta of 1.53.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side analysts predict that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Activity

In other news, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director directly owned 352 shares of the company’s stock, valued at $52,976. This represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ban Seng Teh sold 3,732 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $193.30, for a total value of $721,395.60. Following the completion of the transaction, the executive vice president directly owned 4,172 shares of the company’s stock, valued at approximately $806,447.60. This represents a 47.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,935 shares of company stock worth $12,289,616. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new stake in shares of Seagate Technology during the fourth quarter worth $26,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Seagate Technology during the fourth quarter worth $27,000. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology during the second quarter worth $27,000. Rakuten Securities Inc. lifted its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of Seagate Technology during the second quarter worth $29,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.