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

Posted by Stanley Muller on Jul 8th, 2026

Seagate Technology (NASDAQ:STX – Get Free Report) had its target price lifted by stock analysts at Susquehanna from $615.00 to $775.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the data storage provider’s stock. Susquehanna’s price target suggests a potential downside of 6.36% from the company’s previous close.

STX has been the subject of several other research reports. Rosenblatt Securities lifted their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Bank of America lifted their target price on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. BNP Paribas Exane increased their target price on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Loop Capital boosted their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $886.92.

Read Our Latest Research Report on Seagate Technology

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $827.64 on Wednesday. The business has a fifty day simple moving average of $863.76 and a two-hundred day simple moving average of $560.15. The firm has a market capitalization of $185.58 billion, a P/E ratio of 78.52 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology has a 12 month low of $138.30 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company posted $1.90 EPS. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts forecast that Seagate Technology will post 14.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the completion of the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This represents a 34.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 151,069 shares of company stock valued at $126,191,753. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology in the second quarter valued at $262,000. Cerity Partners LLC raised its stake in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its holdings in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares during the period. 92.87% of the stock is currently 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: Seagate was highlighted as a top July momentum stock alongside Micron and TD SYNNEX, with screeners pointing to strong price trends, earnings beats, and growth projections. Zacks.com featured highlights include Micron Technology, Seagate and TD SYNNEX
Positive Sentiment: Analysts flagged Seagate as a likely earnings-beat candidate, citing its strong surprise history and favorable setup ahead of its next quarterly report. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
Positive Sentiment: Bank of America reportedly raised its price target on Seagate to $1,150 and kept a Buy rating, reinforcing optimism around hard-drive demand tied to AI infrastructure. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
Positive Sentiment: Seagate was also mentioned in a broader AI hardware reset thesis that argued storage supply remains tight and margin trends are improving, supporting the idea that the recent pullback could be an opportunity. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
Neutral Sentiment: One article said Seagate is trading at a premium after a big multi-year run, so valuation may limit upside even though fundamentals remain strong. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
Negative Sentiment: A broader memory-and-storage selloff tied to AI supply-glut fears has created volatility in the sector, which could weigh on STX if investors stay focused on cyclical risks rather than demand strength. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)

Seagate Technology Company Profile

(Get Free Report)

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.