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

Posted by Defense World Staff on Feb 8th, 2026

Seagate Technology (NASDAQ:STX – Get Free Report) had its target price boosted by analysts at Citigroup from $460.00 to $480.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the data storage provider’s stock. Citigroup’s price objective suggests a potential upside of 11.80% from the stock’s previous close.

STX has been the topic of several other research reports. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Rosenblatt Securities boosted their price target on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. UBS Group upped their price target on Seagate Technology from $335.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Mizuho lifted their price objective on Seagate Technology from $370.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company increased their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $431.48.

Get Our Latest Stock Analysis on STX

Seagate Technology Trading Up 5.9%

NASDAQ STX opened at $429.32 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $459.41. The firm has a market capitalization of $93.62 billion, a PE ratio of 48.57, a P/E/G ratio of 0.96 and a beta of 1.62. The stock’s 50 day moving average is $320.55 and its 200 day moving average is $248.77.

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

Insider Buying and Selling at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the transaction, the director directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This represents a 11.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the sale, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 137,976 shares of company stock worth $45,330,378. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC bought a new position in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Norges Bank purchased a new position in Seagate Technology during the 2nd quarter valued at approximately $197,027,000. Finally, Boston Partners purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $193,500,000. 92.87% of the stock is owned by institutional investors.

Key Headlines Impacting Seagate Technology

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

Positive Sentiment: Major broker Citigroup raised its price target to $480 and maintained a “buy” rating, signaling incremental analyst conviction and supporting upside expectations. MarketScreener: Citigroup adjusts Seagate price target to $480
Positive Sentiment: BNP Paribas Exane lifted its target sharply to $530 and kept an “outperform” rating, a sizable bullish signal that likely boosted investor confidence. MarketScreener: BNP Paribas adjusts Seagate price target to $530
Positive Sentiment: Cantor Fitzgerald reportedly set a $650 price target—an aggressive bull-case that adds to the narrative of strong long-term upside from AI-related storage demand. AmericanBankingNews: Seagate Given New $650.00 Price Target at Cantor Fitzgerald
Positive Sentiment: Industry media (Zacks) is including STX on growth and momentum lists, citing AI-driven memory/storage demand and strong earnings growth — reinforcing investor interest in Seagate as an AI beneficiary. Zacks: 5 Growth Stocks to Buy in February to Enhance Your Portfolio Returns
Neutral Sentiment: Zacks also highlighted STX in pieces about stocks that could beat earnings and show price strength; useful signals but not direct catalysts. Zacks: These 2 Computer and Technology Stocks Could Beat Earnings
Negative Sentiment: Analysis in Forbes pointed to a recent sharp one-day decline driven by renewed worries over AI chip export restrictions to China and notable insider selling — issues that can pressure valuation and sentiment. Forbes: How Low Can Seagate Stock Go?
Negative Sentiment: A Yahoo Finance piece flagged a CEO share sale, prompting fresh scrutiny of insider selling and the AI-storage valuation story; investor concern over timing and optics can be a headwind. Yahoo Finance: Seagate CEO Share Sale Prompts Fresh Look At AI Storage Valuation

Seagate Technology Company Profile

(Get Free Report)

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.