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

Seagate Technology (NASDAQ:STX) had its target price hoisted by equities researchers at Wedbush from $290.00 to $380.00 in a research report issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the data storage provider’s stock. Wedbush’s price objective would suggest a potential upside of 9.79% from the stock’s previous close.

STX has been the subject of several other research reports. Sanford C. Bernstein boosted their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Mizuho lifted their price target on shares of Seagate Technology from $290.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. TD Cowen raised their target price on shares of Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Evercore ISI upped their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $356.09.

Seagate Technology Trading Down 0.1%

Shares of STX opened at $346.10 on Friday. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $350.05. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.04 and a beta of 1.60. The stock has a 50 day moving average of $289.16 and a 200-day moving average of $229.98.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the transaction, the chief executive officer owned 465,668 shares of the company’s stock, valued at approximately $122,386,863.76. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 132,557 shares of company stock worth $36,847,793 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently bought and sold shares of STX. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Seagate Technology in the fourth quarter valued at $28,000. Avion Wealth lifted its position in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, MTM Investment Management LLC bought a new stake in shares of Seagate Technology during the 2nd quarter worth $29,000. 92.87% of the stock is 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: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

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.