Seagate Technology (STX) Stock Forecast & Price Target

$78.48

+1.53 (+1.99%)

(As of 11/29/2023 ET)

Today's Range: $77.92
▼
$79.04
50-Day Range: $63.42
▼
$77.56
52-Week Range: $48.94
▼
$79.04

Volume: 2.05 million shs
Average Volume: 2.51 million shs
Market Capitalization: $16.42 billion

P/E Ratio: N/A
Dividend Yield: 3.57%
Price Target: $65.35

Seagate Technology Consensus Analyst Rating and Stock Price Forecast (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$65.35
-16.73% Downside

High Forecast	$80.00
Average Forecast	$65.35
Low Forecast	$40.00

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	17 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$65.35	$65.82	$64.74	$70.17
Predicted Upside	-16.73% Downside	3.96% Upside	6.50% Upside	6.86% Upside

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STX Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

STX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Seagate Technology Stock vs. The Competition

Type	Seagate Technology	Business Services Companies	S&P 500
Consensus Rating Score	2.31	2.59	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-16.73% Downside	296.72% Upside	4,719.87% Upside
News Sentiment Rating	Very Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$65.00 ➝ $60.00	-16.85%
10/27/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$66.00 ➝ $70.00	+3.06%
10/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$60.00 ➝ $70.00	+3.06%
10/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$60.00 ➝ $67.00	-1.99%
10/27/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$68.00 ➝ $78.00	+18.47%
10/26/2023	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Hold
Get the Latest News and Ratings for STX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Seagate Technology and its competitors with MarketBeat's FREE daily newsletter.
10/5/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$75.00 ➝ $70.00	+6.24%
9/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$65.00	-8.75%
9/6/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$55.00	-22.77%
7/27/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$33.00 ➝ $40.00	-31.00%
6/8/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$71.00 ➝ $70.00	+18.04%
4/21/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$72.00 ➝ $70.00	+24.96%
4/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	$60.00 ➝ $55.00	-3.64%
4/21/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$74.00 ➝ $70.00	+22.63%
4/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$69.00 ➝ $54.00	-5.40%
1/26/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$70.00 ➝ $80.00	+28.51%
1/26/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight	$55.00 ➝ $65.00	+4.42%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$65.00 ➝ $72.00	+15.66%

(Data available from 11/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

STX Price Target - Frequently Asked Questions

What is Seagate Technology's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Seagate Technology stock is Hold based on the current 1 sell rating, 9 hold ratings and 6 buy ratings for STX. The average twelve-month price prediction for Seagate Technology is $65.35 with a high price target of $80.00 and a low price target of $40.00. Learn more on STX's analyst rating history.
Do Wall Street analysts like Seagate Technology more than its competitors?: Analysts like Seagate Technology less than other Business Services companies. The consensus rating for Seagate Technology is Hold while the average consensus rating for business services companies is Moderate Buy. Learn more on how STX compares to other companies.
Is Seagate Technology being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Seagate Technology's stock had 1 upgrade and 1 downgrade by analysts.

Does Seagate Technology's stock price have much upside?: According to analysts, Seagate Technology's stock has a predicted upside of 2.90% based on their 12-month stock forecasts.
What analysts cover Seagate Technology?: Seagate Technology has been rated by Barclays, Evercore ISI, Mizuho, Morgan Stanley, Rosenblatt Securities, Summit Insights, The Goldman Sachs Group, UBS Group, and Wedbush in the past 90 days.

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This page (NASDAQ:STX) was last updated on 11/29/2023 by MarketBeat.com Staff

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