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

Seagate Technology (NASDAQ:STX) had its target price boosted by equities researchers at Susquehanna from $80.00 to $150.00 in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a “negative” rating on the data storage provider’s stock. Susquehanna’s target price points to a potential downside of 44.10% from the company’s current price.

STX has been the subject of a number of other reports. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Loop Capital upped their target price on Seagate Technology from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Morgan Stanley upped their target price on Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Evercore ISI upped their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Sanford C. Bernstein upped their target price on Seagate Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.24.

Seagate Technology Stock Up 1.0%

STX opened at $268.33 on Wednesday. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $274.48. The stock has a market cap of $57.15 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.17 and a beta of 1.63. The business has a 50 day moving average of $211.84 and a 200-day moving average of $155.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The business’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 1,410 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the sale, the executive vice president owned 18,041 shares in the company, valued at $4,069,327.96. The trade was a 7.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the transaction, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 45,090 shares of company stock worth $9,759,648. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently modified their holdings of STX. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $27,000. Rakuten Securities Inc. lifted its stake in shares of Seagate Technology by 884.2% in the 2nd 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 during the period. MTM Investment Management LLC acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in Seagate Technology during the 1st quarter worth approximately $31,000. Finally, First Horizon Corp acquired a new position in Seagate Technology during the 3rd quarter worth approximately $33,000. 92.87% of the stock is owned by institutional investors.

About Seagate Technology

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.