Cantor Fitzgerald Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its price objective raised by Cantor Fitzgerald from $400.00 to $500.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the data storage provider’s stock.

STX has been the topic of several other research reports. TD Cowen upped their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday. China Renaissance boosted their target price on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Loop Capital increased their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. BNP Paribas Exane raised Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target on the stock in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $392.35.

Seagate Technology Trading Up 19.1%

Shares of Seagate Technology stock opened at $442.93 on Wednesday. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $449.50. The stock has a market cap of $94.59 billion, a PE ratio of 56.86, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company’s 50-day moving average price is $297.13 and its two-hundred day moving average price is $235.15.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping 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 462.62%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company 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. On average, equities analysts predict that Seagate Technology will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is 38.00%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the transaction, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay L. Geldmacher sold 1,250 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $269.10, for a total value of $336,375.00. Following the sale, the director directly owned 1,148 shares of the company’s stock, valued at $308,926.80. This trade represents a 52.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 125,479 shares of company stock worth $34,921,586 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Several large investors have recently made changes to their positions in STX. Diversified Enterprises LLC acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $227,000. Turtle Creek Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 19.0% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 1,257 shares of the data storage provider’s stock valued at $346,000 after purchasing an additional 201 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Seagate Technology by 293.8% in the 4th quarter. Teacher Retirement System of Texas now owns 135,737 shares of the data storage provider’s stock valued at $37,381,000 after purchasing an additional 101,266 shares during the last quarter. EPG Wealth Management LLC boosted its holdings in Seagate Technology by 8.4% in the fourth quarter. EPG Wealth Management LLC now owns 11,157 shares of the data storage provider’s stock worth $3,072,000 after purchasing an additional 867 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Seagate Technology by 14.7% during the fourth quarter. HB Wealth Management LLC now owns 5,338 shares of the data storage provider’s stock worth $1,470,000 after buying an additional 686 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Q2 results beat expectations — EPS $3.11 and revenue $2.83B, with record gross and operating margins; management raised Q3 EPS and revenue guidance, underpinning the rally. Seagate Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management says demand is surging on AI-related storage needs and the company is effectively “sold out” through 2026, implying strong near-term revenue visibility and pricing power. Seagate Is Sold Out Through 2026, CEO Says
• Positive Sentiment: Multiple analysts bumped price targets and issued upgrades following the results; several shops (Cantor, Rosenblatt, TD Cowen) raised targets to $500, adding upward analyst momentum. Analyst Coverage & Price Target Moves
• Positive Sentiment: Market reaction: STX hit record highs and topped the S&P 500 performance amid the earnings/guidance news and analyst praise. Seagate surge tops S&P 500
• Neutral Sentiment: Seagate declared a $0.74 quarterly dividend (record March 25 / pay April 8) — modest yield that supports income-minded holders but is not a major valuation driver.
• Neutral Sentiment: Some firms raised targets but maintained neutral/equal-weight ratings (Wells Fargo, Barclays, UBS), reflecting a mix of enthusiasm for demand and caution about near-term valuation. Analyst Updates
• Negative Sentiment: Not all price targets moved above the current price — a few post-earnings targets (e.g., GS/UBS at ~385) remain below the market, highlighting divergent analyst views and potential downside if sentiment cools. Analyst Target Notes
• Negative Sentiment: Some coverage notes short-term “cooling off”/profit-taking after the sharp run-up, so momentum-dependent traders face volatility risk even with strong fundamentals. Seagate cools off despite strong Q2

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.