Mizuho Raises Seagate Technology (NASDAQ:STX) Price Target to $565.00

Seagate Technology (NASDAQ:STX) had its price target raised by analysts at Mizuho from $475.00 to $565.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price target suggests a potential upside of 12.30% from the company’s previous close.

Several other research firms have also weighed in on STX. The Goldman Sachs Group lifted their price objective on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley lifted their price objective on shares of Seagate Technology from $468.00 to $582.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. China Renaissance lifted their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. began coverage on shares of Seagate Technology in a research note on Monday, March 30th. They issued an “overweight” rating and a $525.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $486.21.

Seagate Technology Stock Up 0.5%

Seagate Technology stock opened at $503.13 on Friday. The firm has a 50 day moving average price of $412.23 and a two-hundred day moving average price of $323.78. The firm has a market cap of $109.72 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 1.09 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology has a 52-week low of $67.63 and a 52-week high of $517.18.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts predict that Seagate Technology will post 6.83 EPS for the current year.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director owned 223 shares in the company, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 3,092 shares of the company’s stock, valued at $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 113,635 shares of company stock worth $47,133,843 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC increased its stake in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology during the 4th quarter worth $28,000. Avion Wealth boosted its holdings in Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $28,000. 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: Seagate completed a sale of its Lyve Cloud business to Wasabi, receiving equity in Wasabi and retaining upside as a shareholder while narrowing focus on mass-capacity storage — a move investors view as simplifying the business and concentrating resources on the higher-margin HDD growth opportunity. Wasabi Technologies Acquires Seagate’s Lyve Cloud Business
• Positive Sentiment: BusinessWire also reported the Wasabi acquisition and Seagate’s receipt of equity; the deal is being framed as strategic (cash-lite consideration + equity) that preserves upside while de-emphasizing cloud services. Wasabi Technologies Acquires Seagate’s Lyve Cloud Business
• Positive Sentiment: Analysts kept raising targets and reiterating bullish views: Sanford Bernstein to $620 (Outperform), Evercore to $550 (Outperform), and Mizuho to $565 (Outperform) — these larger-firm price-target raises support upside expectations and likely lifted sentiment. Bernstein Raises PT to $620
• Positive Sentiment: Industry and product-tailwind stories highlight rising HDD prices and strong AI-driven demand for mass storage, reinforcing revenue and margin upside expectations for Seagate. These macro/industry notes increase conviction that Seagate will benefit from the data-center buildout. Hard Disk Drive Prices Are Rising
• Positive Sentiment: Coverage calling Seagate a beneficiary of NVIDIA’s data-center boom (alongside Micron and others) underscores durable secular demand for high-capacity storage in AI clusters. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher
• Neutral Sentiment: Broader market strength — the S&P 500’s multi-day rally with several chip and storage names leading — is a positive backdrop but reflects general risk-on flows rather than company-specific news. Inside the S&P 500’s 7-Day Rally
• Neutral Sentiment: Analyst Susquehanna raised its price target to $485 but kept a “neutral” rating, signaling the stock may be near fair value per that shop — supportive on the price target but less bullish on further upside. Susquehanna Raises PT to $485, Maintains Neutral
• Negative Sentiment: One caution: a few notes and valuation pieces point to strong recent momentum already being priced in (rapid multi-period share gains), so near-term upside depends on continued HDD price strength and execution; some shops see limited near-term upside from current levels. 3 Growth Stocks to Add to Your Roster

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.