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

Seagate Technology (NASDAQ:STX) had its target price increased by research analysts at Cantor Fitzgerald from $400.00 to $500.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the data storage provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 15.26% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Wedbush upped their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Mizuho boosted their target price on Seagate Technology from $370.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup raised their price target on Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Finally, Barclays raised their target price on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $389.09.

Seagate Technology Trading Up 16.7%

NASDAQ:STX traded up $62.04 during trading hours on Wednesday, hitting $433.80. 5,943,222 shares of the stock were exchanged, compared to its average volume of 3,977,542. The company has a market cap of $92.64 billion, a P/E ratio of 56.02, a P/E/G ratio of 1.06 and a beta of 1.60. The firm’s fifty day moving average price is $293.46 and its 200 day moving average price is $233.69. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $442.49.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the transaction, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. The trade was a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently made changes to their positions in STX. Sovereign Financial Group Inc. lifted its position in shares of Seagate Technology by 3.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after acquiring an additional 33 shares during the period. Pallas Capital Advisors LLC raised its holdings in Seagate Technology by 0.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock worth $1,500,000 after purchasing an additional 33 shares during the last quarter. West Family Investments Inc. boosted its position in 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 purchasing an additional 37 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of 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 buying an additional 37 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of 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 buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Q2 beat and upbeat guidance — Seagate reported EPS $3.11 vs. ~$2.77 consensus and revenue $2.83B, delivered record gross and operating margins, and set Q3 EPS guidance of $3.20–3.60 (above Street estimates), citing strong AI/data-center demand. Seagate Technology Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (TD Cowen & Rosenblatt to $500; Mizuho to $400), signaling increased sell-side conviction that Seagate will benefit from sustained AI-led capacity demand. Seagate Technology (NASDAQ:STX) Trading 6.5% Higher on Analyst Upgrade
• Positive Sentiment: High-profile bullish commentary — Broad market coverage and comments (e.g., Jim Cramer) highlighting supply shortages and strong secular demand have supported momentum and investor sentiment. Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Neutral Sentiment: Dividend announced — Seagate declared a quarterly dividend of $0.74 per share (record March 25; payable April 8), a modest yield that supports income-minded holders but is not the primary catalyst for the move.
• Neutral Sentiment: Earnings materials & call transcript available — Detailed call and slide deck were posted (useful for modelers and quant traders assessing margins and capacity ramp timing). Seagate Technology Holdings plc (NASDAQ:STX) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Momentum/valuation risk — The stock has run up sharply into key resistance and sports a rich valuation vs. history; some coverage notes traders are taking profits despite strong results. Short-term pullback risk exists if execution or orders slow. Seagate Technology stock hits key resistance ahead of its earnings: buy or sell?
• Negative Sentiment: Early profit-taking reported — Some outlets flagged that the stock “cooled off” in parts of the session after the headline beat, indicating mixed intraday flows and the potential for volatility despite fundamentally strong results. Seagate Technology cools off despite strong Q2 results, guidance

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.