Seagate Technology (STX) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STX, but not buy additional shares or sell existing shares.
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16 Wall Street analysts have issued 1-year target prices for Seagate Technology's shares. Their STX share price forecasts range from $38.00 to $80.00. On average, they expect the company's stock price to reach $62.28 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts price targets for STX or view top-rated stocks among Wall Street analysts.

Seagate Technology's stock was trading at $52.61 at the beginning of the year. Since then, STX shares have increased by 24.9% and is now trading at $65.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our STX earnings forecast.

Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings data on Wednesday, July, 26th. The data storage provider reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.05. The data storage provider earned $1.60 billion during the quarter, compared to analysts' expectations of $1.68 billion. Seagate Technology had a negative trailing twelve-month return on equity of 69.08% and a negative net margin of 7.16%. Seagate Technology's revenue for the quarter was down 39.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS.
Read the conference call transcript.

Seagate Technology declared a quarterly dividend on Wednesday, July 26th. Investors of record on Tuesday, September 26th will be paid a dividend of $0.70 per share on Tuesday, October 10th. This represents a $2.80 annualized dividend and a yield of 4.26%. The ex-dividend date is Monday, September 25th.
Read our dividend analysis for STX.

ETFs with the largest weight of Seagate Technology (NASDAQ:STX) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), US Equity Dividend Select ETF (RNDV), Fidelity Cloud Computing ETF (FCLD), ALPS Sector Dividend Dogs ETF (SDOG), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG).

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.41%. STX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for STX.

Seagate Technology issued an update on its first quarter 2024 earnings guidance on Thursday, September, 14th. The company provided earnings per share guidance of -$0.36--$0.36 for the period, compared to the consensus EPS estimate of -$0.18. The company issued revenue guidance of $1.40 billion-$1.40 billion, compared to the consensus revenue estimate of $1.55 billion.

246 employees have rated Seagate Technology Chief Executive Officer Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Seagate Technology investors own include Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), AT&T (T), Western Digital (WDC), Bank of America (BAC), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD) and International Business Machines (IBM).

Seagate Technology trades on the NASDAQ under the ticker symbol "STX."

Shares of STX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STX stock can currently be purchased for approximately $65.69.

Seagate Technology (NASDAQ:STX) has a market capitalization of $13.65 billion and generates $7.38 billion in revenue each year. The data storage provider earns $-529,000,000.00 in net income (profit) each year or ($2.55) on an earnings per share basis.

The company employs 33,400 workers across the globe.

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The official website for the company is www.seagate.com. The data storage provider can be reached via phone at (531) 234-3136, via email at stx@seagate.com, or via fax at 353-1661-2040.