Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Citigroup Analyst Says

Seagate Technology (NASDAQ:STX) had its price target hoisted by equities research analysts at Citigroup from $385.00 to $460.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the data storage provider’s stock. Citigroup’s target price points to a potential upside of 4.26% from the company’s previous close.

Several other brokerages also recently commented on STX. Exane BNP Paribas upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Barclays lifted their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird raised their price target on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group increased their target price on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America lifted their price target on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $411.04.

Seagate Technology Stock Down 0.4%

STX stock traded down $1.73 during trading hours on Thursday, hitting $441.20. The company’s stock had a trading volume of 3,749,332 shares, compared to its average volume of 4,434,916. The stock has a 50 day moving average price of $297.13 and a two-hundred day moving average price of $235.15. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $457.84. The company has a market capitalization of $94.22 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. 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 business posted $2.03 earnings per share. The business’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. Sell-side analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the sale, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. The trade was a 11.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Ci Lee sold 673 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This trade represents a 72.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 126,152 shares of company stock worth $35,156,362. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sovereign Financial Group Inc. increased its position in 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 period. Pallas Capital Advisors LLC grew its position in shares of Seagate Technology by 0.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock worth $1,500,000 after buying 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 worth $337,000 after buying an additional 37 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Seagate Technology by 1.9% in the fourth quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock valued at $537,000 after acquiring an additional 37 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in Seagate Technology by 0.7% during the 4th quarter. Diversify Advisory Services LLC now owns 5,880 shares of the data storage provider’s stock worth $1,619,000 after acquiring an additional 43 shares during the period. Institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Q2 results and guidance beat — Seagate reported stronger‑than‑expected EPS and revenue, record margins, and raised Q3 guidance above Street estimates, which is the primary catalyst behind the rally. Business Wire: Seagate Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analyst upgrades and higher price targets — Several firms hiked targets after the print (examples: Robert W. Baird to $505 and Evercore ISI to $450), increasing buy/ outperform calls and signaling more upside from the earnings surprise. Benzinga: Robert W. Baird upgrade MarketScreener: Evercore ISI raises PT
• Positive Sentiment: Demand commentary — Management and commentators say Seagate is effectively sold out through 2026 as AI-driven data growth lifts nearline capacity demand, reinforcing the revenue and margin outlook. Benzinga: Seagate Is Sold Out Through 2026
• Positive Sentiment: Dividend maintained/declared — Company announced a quarterly dividend (supports income investors and signals confidence in cash flow).
• Neutral Sentiment: Analyst views remain mixed — while many firms lifted targets (some to $500+), a few major houses (Goldman, UBS) still show targets that imply limited upside or modest downside vs. the recent price, creating dispersion in street expectations. TickerReport: Analyst target notes
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares (materiality small vs. market cap but worth noting for sentiment). SEC Form 4: Insider Sale

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.