BNP Paribas Exane Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price target hoisted by equities researchers at BNP Paribas Exane from $430.00 to $530.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the data storage provider’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 30.72% from the stock’s current price.

Several other equities analysts have also issued reports on the company. UBS Group lifted their target price on Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Evercore ISI lifted their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Fox Advisors boosted their price objective on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company increased their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $430.61.

Seagate Technology Stock Performance

Shares of STX stock opened at $405.45 on Wednesday. The firm has a market cap of $88.42 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 0.94 and a beta of 1.62. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $459.41. 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 company’s 50 day moving average is $317.49 and its 200 day moving average is $246.12.

Seagate Technology (NASDAQ:STX) last announced 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. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insider Activity at Seagate Technology

In related news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 137,976 shares of company stock worth $45,330,378 in the last quarter. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently modified their holdings of the business. Gateway Investment Advisers LLC raised its holdings in Seagate Technology by 1.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after purchasing an additional 25 shares during the period. EWA LLC increased its position in shares of Seagate Technology by 2.1% in the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after buying an additional 28 shares in the last quarter. SVB Wealth LLC raised its stake in shares of Seagate Technology by 0.9% during the 4th quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock worth $922,000 after buying an additional 29 shares during the period. Sovereign Financial Group Inc. lifted its position in shares of Seagate Technology by 3.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after buying an additional 33 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in shares of Seagate Technology by 0.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after buying an additional 33 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Big analyst price‑target increases: Cantor Fitzgerald raised its target substantially to $650 and kept an overweight rating, signaling sizable upside from current levels. Cantor Fitzgerald $650 PT
• Positive Sentiment: BNP Paribas Exane also lifted its target to $530 and moved to an outperform/strong‑buy view, reinforcing the bullish analyst narrative that AI storage demand supports a valuation rerating. BNP Paribas PT $530
• Neutral Sentiment: Momentum and earnings coverage: Zacks and other outlets highlight STX as a momentum/AI‑tailwind name and flag it as a candidate to beat estimates — media attention can amplify flows but is secondary to guidance and macro/regulatory developments. Zacks earnings radar
• Negative Sentiment: Insider selling has spiked: CEO William Mosley sold 20,000 shares (~$8.6M) and other executives/directors have sold recently — which investors often read as a short‑term negative signal. SEC filings are available. CEO Form 4
• Negative Sentiment: Regulatory/valuation concern driving selling pressure: Coverage (Forbes, Yahoo) links recent intraday weakness to renewed worries about AI chip export restrictions to China and the optics of high‑profile insider sales, prompting investors to trim positions. Forbes: How Low Can STX Go? Yahoo: CEO share sale

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.