Argus Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price objective boosted by investment analysts at Argus from $300.00 to $450.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Argus’ target price would indicate a potential upside of 0.77% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. China Renaissance boosted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Citigroup raised their target price on Seagate Technology from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital upped their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Exane BNP Paribas upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald boosted their price objective on Seagate Technology from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $417.57.

Seagate Technology Stock Up 0.8%

Seagate Technology stock opened at $446.57 on Thursday. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $457.84. The firm’s 50-day simple moving average is $301.25 and its 200 day simple moving average is $236.62. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.62 and a current ratio of 1.12. The stock has a market cap of $95.37 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company posted $2.03 earnings per share. Seagate Technology’s quarterly revenue 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 predict that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the sale, the executive vice president owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. This represents a 33.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,902 shares of company stock valued at $34,819,987 in the last three months. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of large investors have recently added to or reduced their stakes in STX. Sovereign Financial Group Inc. grew its holdings in shares of Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after purchasing an additional 33 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Seagate Technology by 0.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after acquiring an additional 33 shares during the period. West Family Investments Inc. raised its stake in shares of Seagate Technology by 2.7% during the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after acquiring an additional 37 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Seagate Technology by 1.9% during the fourth quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock worth $537,000 after purchasing an additional 37 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Seagate Technology by 0.7% in the fourth quarter. Diversify Advisory Services LLC now owns 5,880 shares of the data storage provider’s stock worth $1,619,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q2 results and guidance beat — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus) and set Q3 FY2026 EPS guidance of $3.20–$3.60, lifting confidence in near?term profitability and growth. Read More.
• Positive Sentiment: Management demand commentary — CEO/management said Seagate is effectively sold out through 2026 as AI-driven data center demand ramps, supporting revenue visibility and pricing power for nearline capacity. Read More.
• Positive Sentiment: Large analyst upgrades and target increases — Multiple firms raised targets and ratings after the print (examples: Robert W. Baird to $505, Cantor Fitzgerald to $500, Citigroup to $460, Evercore to $450), which likely accelerated momentum and institutional flows. Read More.
• Neutral Sentiment: Broader analyst coverage is mixed on longer?term valuation — while many shops turned bullish, a subset of large banks still show more conservative/neutral targets versus the rally, indicating differing views on sustainability. Read More.
• Neutral Sentiment: Dividend and institutional flows — Seagate declared a quarterly dividend (modest yield ~0.7%), and institutional ownership remains high; these are shareholder?friendly but secondary drivers relative to the earnings/growth news.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares (~$235k) recently, cutting his holding materially; although small versus market cap, insider selling can be viewed negatively by some investors. Read More.

Seagate Technology Company Profile

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.