Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Loop Capital Analyst Says

Seagate Technology (NASDAQ:STX) had its target price increased by analysts at Loop Capital from $700.00 to $800.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Loop Capital’s price objective points to a potential upside of 36.46% from the stock’s current price.

Several other analysts also recently weighed in on STX. 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 report on Thursday, January 15th. Wells Fargo & Company raised 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 note on Wednesday, January 28th. TD Cowen raised their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Bank of America raised their target price on shares of Seagate Technology from $450.00 to $605.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Susquehanna raised their target price on shares of Seagate Technology from $420.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $518.29.

Seagate Technology Trading Down 0.2%

Shares of NASDAQ:STX opened at $586.25 on Thursday. The company has a market cap of $127.84 billion, a PE ratio of 66.32, a P/E/G ratio of 0.98 and a beta of 1.61. The company’s 50-day moving average price is $437.89 and its 200 day moving average price is $344.91. Seagate Technology has a fifty-two week low of $80.56 and a fifty-two week high of $607.89. 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 (NASDAQ:STX) last issued 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts anticipate that Seagate Technology will post 12.13 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology 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 directly owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently made changes to their positions in the business. National Pension Service lifted its stake in Seagate Technology by 28.0% in the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after acquiring an additional 54,722 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Seagate Technology in the third quarter valued at approximately $1,864,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Seagate Technology by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after acquiring an additional 6,028 shares during the last quarter. Keystone Investors PTE Ltd. lifted its stake in Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Estate Counselors LLC acquired a new stake in Seagate Technology in the third quarter valued at approximately $2,557,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Barclays upgraded STX to a Buy, citing additional upside in an AI‑driven rally and suggesting there’s “another leg” to the move — a key driver of today’s bullish sentiment. Seagate Stock Upgraded To Buy
• Positive Sentiment: Loop Capital raised its price target on Seagate from $700 to $800 and maintained a Buy rating — a material upward revision that supports higher analyst-driven demand. Loop Capital Adjusts Price Target
• Positive Sentiment: Additional broker upgrades and positive notes (UBS/other outlets) are reinforcing the buy-side view that Seagate can capture share of growing data-storage demand tied to AI, gaming and creator workflows. Seagate Raised to Overweight at Barclays / UBS coverage
• Positive Sentiment: Seagate unveiled new high‑capacity consumer and prosumer storage products targeted at AI, gaming and creators — positioning the company to monetize rising data-demand and potentially lift revenue growth. Product details and positioning covered across BusinessWire, Forbes, Zacks and Yahoo. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: New single‑stock leveraged ETFs (Defiance’s 2x STXL and Tradr’s 200% ETFs) on STX were launched this week — these products increase speculative flows and intraday liquidity/volatility but don’t change Seagate’s fundamentals. Traders should expect larger short-term swings. Defiance Launches STXL
• Neutral Sentiment: Broader tech/mega-cap momentum (Apple and other Magnificent Seven names in earnings focus) is supporting sector sentiment; this macro tailwind can lift STX but is not a company‑specific catalyst. Apple Stock, Back In Growth Mode

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.