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

Key Points

• Loop Capital raised its price target on Seagate to $800 (from $700) and kept a "buy" rating, implying about a 34.12% upside from the prior close.
• Multiple major brokers also lifted their targets and ratings, leaving Seagate with a consensus of "Moderate Buy"—an average price target of $518.29 based on 20 Buy and 5 Hold ratings.
• Seagate reported an EPS beat ($3.11 vs. $2.77) and revenue of $2.83B (up 21.5% y/y), set Q3 2026 guidance of 3.20–3.60 EPS, and is benefiting from AI-driven demand, new product launches and new leveraged ETFs that could boost investor flows.

Seagate Technology (NASDAQ:STX - Get Free Report) had its price objective hoisted by equities research analysts at Loop Capital from $700.00 to $800.00 in a report released on Thursday,MarketScreener reports. The brokerage currently has a "buy" rating on the data storage provider's stock. Loop Capital's price target would suggest a potential upside of 34.12% from the company's previous close.

STX has been the subject of several other reports. Bank of America raised their price objective on Seagate Technology from $450.00 to $605.00 and gave the stock a "buy" rating in a research note on Monday. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 4th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Evercore upped their price objective on shares of Seagate Technology from $450.00 to $550.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. Finally, Morgan Stanley increased their price objective on shares of Seagate Technology from $468.00 to $582.00 and gave the stock an "overweight" rating in a research note on Monday, April 6th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $518.29.

Seagate Technology Price Performance

Shares of STX stock opened at $596.49 on Thursday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The company's 50-day simple moving average is $434.69 and its two-hundred day simple moving average is $342.52. Seagate Technology has a one year low of $79.14 and a one year high of $607.89. The company has a market capitalization of $130.08 billion, a P/E ratio of 66.47, a P/E/G ratio of 0.96 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the business posted $2.03 EPS. The firm'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. As a group, equities analysts anticipate that Seagate Technology will post 12.13 EPS for the current year.

Insiders Place Their Bets

In related news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company's stock, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 112,223 shares of company stock valued at $46,711,217. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

Institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its holdings in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the 4th quarter worth approximately $28,000. Concord Wealth Partners purchased a new position in Seagate Technology in the 4th quarter worth approximately $28,000. McMillan Office Inc. acquired a new position in shares of Seagate Technology during the 1st quarter worth approximately $39,000. Finally, Avion Wealth boosted its holdings in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology News Summary

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

• Positive Sentiment: Barclays upgraded STX to Overweight/Buy and raised its price target to $625, citing continued AI-driven HDD demand and room for another leg higher; this upgrade has been a major catalyst for investor optimism. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Defiance launched a 2x single‑stock ETF (STXL) giving traders an easy way to take amplified bullish bets on Seagate, likely boosting short‑term volume and volatility. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Positive Sentiment: Tradr also announced new 200% leveraged ETFs that include STX, further expanding leveraged products tied to Seagate and potentially increasing retail/trader flows. Tradr Launches Leveraged ETFs on AXTI, CPNG, MPWR and STX
• Positive Sentiment: Seagate unveiled new high-capacity consumer/prosumer storage aimed at AI-driven content, gaming and creator workflows — a product push that supports longer‑term revenue growth thesis tied to rising data needs. Seagate Unveils New Storage For The AI-Drive Consumer Data Explosion
• Positive Sentiment: Additional analyst support (UBS and other outlets) reiterated upward expectations and highlighted momentum after strong earnings and raised guidance, reinforcing buy-side conviction. Seagate Technology NASDAQ: STX Stock Price Expected to Rise, UBS Group Analyst Says
• Neutral Sentiment: Media features and commentators (including a mention on Jim Cramer’s show) are drawing attention to Seagate but are less directly catalytic than analyst upgrades or product launches. Cramer Names 'The Stocks That Got Away'

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.

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