Argus Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

01 May 2026, 11:15 by Teresa Graham · The Cerbat Gem

Seagate Technology (NASDAQ:STX – Free Report) had its price target lifted by Argus from $450.00 to $750.00 in a research note released on Thursday morning,MarketScreener reports. They currently have a buy rating on the data storage provider’s stock.

STX has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. UBS Group upped their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday. China Renaissance raised their price objective on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. The Goldman Sachs Group lifted their price objective on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research report on Wednesday. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $709.13.

Get Our Latest Analysis on STX

Seagate Technology Stock Performance

Shares of STX traded up $28.87 during mid-day trading on Thursday, hitting $702.51. The company’s stock had a trading volume of 2,228,365 shares, compared to its average volume of 4,136,739. The stock’s 50-day moving average is $454.23 and its two-hundred day moving average is $356.06. The firm has a market capitalization of $153.20 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.72 and a current ratio of 1.33. Seagate Technology has a one year low of $91.29 and a one year high of $727.20.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Seagate Technology’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts anticipate that Seagate Technology will post 12.26 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s payout ratio is 33.48%.

Insider Activity

In related news, EVP Kian Fatt Chong sold 5,846 shares of the 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 filing with the SEC, which can be accessed through this link. Also, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,430 shares of company stock worth $37,129,976 in the last three months. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Several hedge funds have recently bought and sold shares of STX. Salomon & Ludwin LLC raised 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 worth $27,000 after buying an additional 51 shares during the period. Rakuten Securities Inc. grew 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 acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology in the fourth quarter valued at about $28,000. Avion Wealth increased its holdings in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. 92.87% of the stock is currently 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: Q3 results beat expectations: Seagate reported $4.10 EPS and $3.11B revenue, with management citing AI-driven demand that lifted nearline shipments and margins — the core trigger for the rally. Seagate shares climb as AI-driven demand drive Q3 beat
Positive Sentiment: Analysts are raising targets and adding conviction: multiple firms (e.g., Bernstein, Rosenblatt, JPMorgan, Morgan Stanley and others) lifted price targets and ratings, including some outsized $1,000 calls — supporting momentum and buy-side flows. Bernstein adjusts Seagate price target
Positive Sentiment: Sustained AI demand signal across peers: Sandisk and Western Digital also flagged stronger-than-expected AI/data‑center spending, reinforcing sector momentum that benefits Seagate’s nearline HDD business. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
Neutral Sentiment: Seagate launched refreshed storage products aimed at high‑res media and AI workflows — supportive for commercial positioning but incremental to near‑term financials. Seagate launches refreshed storage lineup
Negative Sentiment: Valuation and cycle risk concerns: some analysts and commentaries warn STX may be richly priced versus fundamentals and that hyperscaler capex could peak, making the stock vulnerable if AI spending moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle
Negative Sentiment: Calls of overvaluation: at least one analyst piece labels Seagate the most overvalued memory stock despite operational strength, reminding investors that strong momentum can coexist with stretched multiples. Seagate: The Most Overvalued Memory Stock Might Be The Best Pick (Upgrade)

About Seagate Technology

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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.