Cantor Fitzgerald Increases Seagate Technology (NASDAQ:STX) Price Target to $650.00

Seagate Technology (NASDAQ:STX) had its price objective lifted by Cantor Fitzgerald from $500.00 to $650.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the data storage provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 60.32% from the company’s previous close.

A number of other research firms also recently commented on STX. Fox Advisors increased their price objective on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. 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, January 28th. Mizuho increased their price target on shares of Seagate Technology from $370.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein boosted their price objective on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and upped their target price for the company from $150.00 to $280.00 in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $430.61.

Seagate Technology Price Performance

Shares of STX opened at $405.45 on Wednesday. The firm has a market capitalization of $88.42 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 0.94 and a beta of 1.62. The firm’s fifty day simple moving average is $317.49 and its 200-day simple moving average is $246.12. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $459.41. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’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. Equities analysts forecast that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares in the company, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 137,976 shares of company stock valued at $45,330,378. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of STX. TD Private Client Wealth LLC lifted its holdings in shares of Seagate Technology by 676.7% during the fourth quarter. TD Private Client Wealth LLC now owns 5,367 shares of the data storage provider’s stock worth $1,478,000 after purchasing an additional 4,676 shares during the period. Mission Wealth Management LP raised its position in Seagate Technology by 8.5% during the 4th quarter. Mission Wealth Management LP now owns 5,701 shares of the data storage provider’s stock worth $1,570,000 after buying an additional 447 shares during the last quarter. RiverFront Investment Group LLC raised its position in Seagate Technology by 16.3% during the 4th quarter. RiverFront Investment Group LLC now owns 1,476 shares of the data storage provider’s stock worth $406,000 after buying an additional 207 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Seagate Technology in the 4th quarter worth $134,000. Finally, Abacus Wealth Partners LLC purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Trending Headlines about 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.