Seagate Technology (STX) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Seagate Technology (NASDAQ: STX) recently:

• 6/22/2026 – Seagate Technology was downgraded by Fox Advisors from “overweight” to “equal weight”.
• 6/15/2026 – Seagate Technology had its price target raised by Morgan Stanley from $767.00 to $1,035.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – Seagate Technology had its price target raised by China Renaissance from $802.00 to $983.00.
• 6/11/2026 – Seagate Technology had its price target raised by JPMorgan Chase & Co. from $775.00 to $920.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $900.00 to $1,000.00.
• 6/8/2026 – Seagate Technology had its price target raised by Mizuho from $875.00 to $1,090.00. They now have an “outperform” rating on the stock.
• 6/2/2026 – Seagate Technology had its price target raised by Citigroup Inc. from $740.00 to $1,150.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Seagate Technology had its price target raised by Wells Fargo & Company from $700.00 to $900.00. They now have an “equal weight” rating on the stock.
• 5/27/2026 – Seagate Technology had its price target raised by Barclays PLC from $750.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $840.00 to $900.00. They now have a “buy” rating on the stock.
• 5/15/2026 – Seagate Technology had its price target raised by Loop Capital from $950.00 to $1,140.00. They now have a “buy” rating on the stock.
• 5/12/2026 – Seagate Technology had its price target raised by Evercore Inc from $750.00 to $1,000.00. They now have an “outperform” rating on the stock.
• 5/2/2026 – Seagate Technology was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/1/2026 – Seagate Technology was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/30/2026 – Seagate Technology had its price target raised by Argus from $450.00 to $750.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Sanford C. Bernstein from $620.00 to $1,000.00. They now have an “outperform” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Barclays PLC from $625.00 to $750.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by UBS Group AG from $515.00 to $545.00. They now have a “neutral” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Evercore Inc from $550.00 to $750.00. They now have an “outperform” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Susquehanna from $485.00 to $615.00. They now have a “neutral” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by JPMorgan Chase & Co. from $525.00 to $775.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Cantor Fitzgerald from $700.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Mizuho from $565.00 to $700.00. They now have an “outperform” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by BNP Paribas Exane from $530.00 to $860.00. They now have an “outperform” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Wells Fargo & Company from $450.00 to $700.00. They now have an “equal weight” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by TD Cowen from $500.00 to $850.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by The Goldman Sachs Group, Inc. from $385.00 to $700.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Citigroup Inc. from $595.00 to $740.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Morgan Stanley from $582.00 to $767.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Seagate Technology had its price target raised by Rosenblatt Securities from $500.00 to $1,000.00. They now have a “buy” rating on the stock.
• 4/27/2026 – Seagate Technology had its price target raised by Wedbush from $700.00 to $825.00. They now have an “outperform” rating on the stock.
• 4/27/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $700.00 to $840.00. They now have a “buy” rating on the stock.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Insider Buying and Selling

In related news, EVP John Christopher Morris sold 1,364 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares in the company, valued at $10,639,736.72. This represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the transaction, the executive vice president owned 4,290 shares in the company, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their ownership of the stock. 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. Insiders have sold a total of 141,069 shares of company stock worth $107,161,712 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

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.