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

10 Apr 2026, 14:18 by Sarita Garza · The Markets Daily

Seagate Technology (NASDAQ:STX – Get Free Report) had its price target hoisted by stock analysts at Mizuho from $475.00 to $565.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price objective suggests a potential upside of 12.83% from the company’s current price.

STX has been the topic of several other reports. Wedbush increased their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. China Renaissance boosted their price target 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. Citigroup upped their price target on shares of Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Argus increased their price objective on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Rosenblatt Securities boosted their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $477.67.

Check Out Our Latest Research Report on Seagate Technology

Seagate Technology Stock Up 0.9%

Shares of NASDAQ STX opened at $500.77 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market cap of $109.20 billion, a P/E ratio of 56.65, a P/E/G ratio of 1.08 and a beta of 1.61. Seagate Technology has a 52 week low of $67.63 and a 52 week high of $517.18. The business has a 50-day simple moving average of $410.33 and a two-hundred day simple moving average of $321.22.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts anticipate that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The stock was 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 approximately $89,654.45. This trade represents a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,635 shares of company stock worth $47,133,843 in the last three months. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its position in Seagate Technology by 97.9% during the fourth quarter. Hsbc Holdings PLC now owns 172,331 shares of the data storage provider’s stock valued at $47,579,000 after acquiring an additional 85,246 shares during the last quarter. Stance Capital LLC bought a new stake in shares of Seagate Technology in the 4th quarter worth approximately $2,288,000. World Investment Advisors boosted its stake in shares of Seagate Technology by 1.9% in the 4th quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock valued at $3,258,000 after purchasing an additional 226 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Seagate Technology by 18.8% during the 4th quarter. Corient Private Wealth LLC now owns 35,378 shares of the data storage provider’s stock valued at $9,745,000 after purchasing an additional 5,590 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in shares of Seagate Technology by 8.6% during the 4th quarter. Pure Financial Advisors LLC now owns 1,201 shares of the data storage provider’s stock valued at $331,000 after purchasing an additional 95 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Key Seagate Technology News

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

Positive Sentiment: AI/datacenter demand is lifting HDD pricing and margins — analysts and commentators say stronger pricing power for high‑capacity drives is boosting revenue and gross margins, an important tailwind for Seagate’s core HDD business. Read More.
Positive Sentiment: Broker upgrades and higher price targets (Evercore to $550; Bernstein to $620; JPMorgan coverage initiation) are reinforcing bullish sentiment and institutional demand, supporting the recent run in the stock. Read More.
Positive Sentiment: Seagate is seen as a beneficiary of NVIDIA‑led data center buildouts — coverage pieces highlight Seagate among hardware suppliers gaining from the AI storage cycle, underpinning expectations for multi‑year demand. Read More.
Neutral Sentiment: Seagate sold its Lyve Cloud business to Wasabi Technologies and received equity in Wasabi — this simplifies Seagate’s portfolio and preserves upside via an equity stake, but financial terms weren’t disclosed so near‑term impact on EPS and cash flow is unclear. Read More.
Neutral Sentiment: Recent price momentum and coverage pieces highlighting strong multi‑period returns draw attention but are descriptive — they explain why momentum is strong but don’t guarantee continued gains. Read More.
Negative Sentiment: Valuation and execution risk after the rally — the stock’s sizable run and a relatively high trailing PE increase the risk of a pullback if HDD pricing or AI capex expectations disappoint. Read More.

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.