Sanford C. Bernstein Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its price target upped by Sanford C. Bernstein from $500.00 to $620.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the data storage provider’s stock.

Other research analysts also recently issued reports about the stock. Robert W. Baird raised their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and increased their target price for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Citigroup raised their price target on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Morgan Stanley lifted their price target on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Finally, Argus boosted their price objective on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $461.00.

Seagate Technology Trading Up 8.1%

Shares of Seagate Technology stock opened at $391.76 on Tuesday. The stock has a market capitalization of $85.43 billion, a P/E ratio of 44.32, a P/E/G ratio of 0.81 and a beta of 1.61. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $459.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The stock’s 50-day simple moving average is $399.43 and its 200 day simple moving average is $310.76.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share 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 analyst estimates of $2.73 billion. During the same quarter last year, the business earned $2.03 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts anticipate that Seagate Technology will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Activity

In related news, Director Jay L. Geldmacher sold 925 shares of the 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 sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. This represents a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 113,635 shares of company stock worth $44,430,443. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of STX. Salomon & Ludwin LLC grew its holdings in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. raised its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth lifted its position in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in Seagate Technology during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Sanford C. Bernstein raised its price target to $620 (from $500) and kept an Outperform rating, arguing the recent pullback is a buying opportunity and forecasting strong upside for Seagate on AI/cloud demand. Seagate Technology Gets Bold $620 Target From Bernstein — Buy the Dip?
• Positive Sentiment: J.P. Morgan initiated coverage with an Overweight rating and $525 target, citing durable AI‑driven data‑center demand, pricing strength and margin expansion as reasons Seagate can extend gains despite the large run‑up. JPMorgan starts Seagate at Overweight, sees more upside despite 350% rally
• Positive Sentiment: Several outlets and analysts are framing recent pullbacks (partly mechanical/algo driven) as temporary, calling the dip a buying opportunity given Seagate’s recent beat on EPS and revenue, and company guidance pointing to continued strength. Seagate Technology: Why The 20% Plunge Is An Opportunity
• Neutral Sentiment: Analysis on HDD competition and technology — including coverage of Western Digital’s push into next‑gen HAMR and ePMR — underscores that both Seagate and peers are racing to meet surging cloud/AI capacity needs; this is strategic context rather than an immediate hit to Seagate’s outlook. Will Next-Gen HAMR & ePMR Drives Give Western Digital a Storage Edge?
• Neutral Sentiment: Coverage noting potential AI‑related headwinds to HDDs (but not driven by Alphabet’s algorithm changes) flags longer‑term demand mix questions for some workloads; this is being parsed but hasn’t overturned the bullish data‑center story. Seagate’s HDDs Face AI Headwinds, But Not From Alphabet’s New Algorithms
• Negative Sentiment: Sectorwide selling pressure—partly attributed to an apparent Nvidia design/roadmap shift and algorithmic (TurboQuant) trading—triggered a pullback in memory and storage stocks, briefly weighing on Seagate. Nvidia Design Shift Triggers Selloff in Memory Stocks
• Negative Sentiment: Intraday headlines noted sharp declines (one report cited a ~7% drop in a session) before analyst notes arrived, highlighting how momentum/algorithms can amplify downside even when fundamentals remain solid. Seagate stock is crashing 7% today: why JP Morgan is bullish

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.