Seagate Technology (NASDAQ:STX) Price Target Raised to $800.00 at Loop Capital

Seagate Technology (NASDAQ:STX) had its price objective upped by Loop Capital from $700.00 to $800.00 in a report published on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the data storage provider’s stock.

Several other brokerages also recently commented on STX. Morgan Stanley increased their price objective on Seagate Technology from $468.00 to $582.00 and gave the stock an “overweight” rating in a research note on Monday, April 6th. Mizuho increased their price objective on Seagate Technology from $475.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. increased their price objective on Seagate Technology from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. UBS Group increased their price objective on Seagate Technology from $440.00 to $515.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Barclays raised Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $425.00 to $625.00 in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $518.29.

Seagate Technology Stock Down 0.1%

STX stock traded down $0.30 during trading on Thursday, reaching $587.32. 742,368 shares of the stock were exchanged, compared to its average volume of 4,014,307. The firm’s 50 day moving average is $434.69 and its 200 day moving average is $342.52. Seagate Technology has a twelve month low of $80.56 and a twelve month high of $607.89. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The firm has a market cap of $128.08 billion, a P/E ratio of 66.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last posted its quarterly 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. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts forecast that Seagate Technology will post 12.13 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Buying and Selling

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 112,223 shares of company stock valued at $46,711,217 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its position in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of 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 in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter worth $28,000. Avion Wealth raised its position 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 buying an additional 79 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Seagate Technology in the fourth quarter worth $28,000. 92.87% of the stock is owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to Overweight/Buy and raised its price target to $625, citing continued AI-driven HDD demand and room for another leg higher; this upgrade has been a major catalyst for investor optimism. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Defiance launched a 2x single‑stock ETF (STXL) giving traders an easy way to take amplified bullish bets on Seagate, likely boosting short‑term volume and volatility. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Positive Sentiment: Tradr also announced new 200% leveraged ETFs that include STX, further expanding leveraged products tied to Seagate and potentially increasing retail/trader flows. Tradr Launches Leveraged ETFs on AXTI, CPNG, MPWR and STX
• Positive Sentiment: Seagate unveiled new high-capacity consumer/prosumer storage aimed at AI-driven content, gaming and creator workflows — a product push that supports longer‑term revenue growth thesis tied to rising data needs. Seagate Unveils New Storage For The AI-Drive Consumer Data Explosion
• Positive Sentiment: Additional analyst support (UBS and other outlets) reiterated upward expectations and highlighted momentum after strong earnings and raised guidance, reinforcing buy-side conviction. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, UBS Group Analyst Says
• Neutral Sentiment: Media features and commentators (including a mention on Jim Cramer’s show) are drawing attention to Seagate but are less directly catalytic than analyst upgrades or product launches. Cramer Names ‘The Stocks That Got Away’

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.