Morgan Stanley Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Key Points

• Morgan Stanley has raised its price objective for Seagate Technology's stock from $168.00 to $265.00, reflecting a potential upside of 15.02% from the previous close.
• Fifteen research analysts have rated Seagate Technology with a Buy rating, while the average target price among these analysts is $193.32.
• Seagate reported earnings of $2.59 EPS for the last quarter, exceeding expectations, and has provided guidance for Q1 2026 EPS between $2.100 and $2.500.

Seagate Technology (NASDAQ:STX - Get Free Report) had its price objective increased by equities research analysts at Morgan Stanley from $168.00 to $265.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has an "overweight" rating on the data storage provider's stock. Morgan Stanley's price objective indicates a potential upside of 15.02% from the company's previous close.

A number of other research analysts have also recently commented on the stock. Susquehanna upped their target price on shares of Seagate Technology from $68.00 to $80.00 and gave the company a "negative" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald upped their price objective on shares of Seagate Technology from $175.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Robert W. Baird upped their price target on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Rosenblatt Securities boosted their price objective on Seagate Technology from $200.00 to $250.00 and gave the company a "buy" rating in a report on Monday. Finally, Benchmark raised their target price on Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $193.32.

Seagate Technology Stock Performance

NASDAQ:STX opened at $230.39 on Monday. Seagate Technology has a one year low of $63.19 and a one year high of $231.96. The stock has a market cap of $49.07 billion, a PE ratio of 34.17, a P/E/G ratio of 0.98 and a beta of 1.53. The stock has a 50 day moving average price of $174.24 and a 200 day moving average price of $130.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. Seagate Technology's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, analysts predict that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 5,905 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.00, for a total value of $915,275.00. Following the completion of the sale, the executive vice president owned 6,147 shares of the company's stock, valued at approximately $952,785. This trade represents a 49.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director directly owned 352 shares of the company's stock, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,935 shares of company stock valued at $12,289,616 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Seagate Technology by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider's stock valued at $1,607,321,000 after acquiring an additional 2,161,191 shares during the last quarter. Norges Bank purchased a new position in Seagate Technology during the second quarter worth approximately $197,027,000. Boston Partners acquired a new stake in shares of Seagate Technology during the 2nd quarter worth $193,500,000. Soroban Capital Partners LP raised its position in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock worth $204,602,000 after buying an additional 1,327,197 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Seagate Technology by 3,339.4% in the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider's stock valued at $79,343,000 after acquiring an additional 906,840 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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