JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price target hoisted by JPMorgan Chase & Co. from $775.00 to $920.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm presently has an “overweight” rating on the data storage provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.78% from the company’s previous close.

STX has been the topic of several other research reports. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Rosenblatt Securities lifted their price objective on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. BNP Paribas Exane boosted their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lifted their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Loop Capital boosted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $798.50.

Seagate Technology Stock Up 1.8%

STX stock opened at $830.44 on Thursday. The stock has a market capitalization of $186.21 billion, a price-to-earnings ratio of 79.10 and a beta of 2.04. The company has a 50-day moving average of $689.85 and a two-hundred day moving average of $468.16. Seagate Technology has a 52-week low of $124.63 and a 52-week high of $966.80. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts anticipate that Seagate Technology will post 14.1 EPS for the current year.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 13,780 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $924.99, for a total value of $12,746,362.20. Following the completion of the sale, the chief executive officer owned 323,591 shares in the company, valued at $299,318,439.09. This trade represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Prat Bhatt sold 1,000 shares of Seagate Technology stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $929.88, for a total transaction of $929,880.00. Following the completion of the transaction, the director directly owned 12,869 shares of the company’s stock, valued at approximately $11,966,625.72. This trade represents a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 155,187 shares of company stock valued at $108,267,701. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Bridgewater Advisors Inc. increased its holdings in shares of Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after acquiring an additional 13 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares during the period. Beaumont Financial Advisors LLC increased its stake in shares of Seagate Technology by 2.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after purchasing an additional 17 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in Seagate Technology by 0.5% during the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after acquiring an additional 19 shares in the last quarter. Finally, WealthCollab LLC lifted its holdings in shares of Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology (STX) to $1,000 from $900, signaling confidence in further upside for the stock. MarketScreener report on BofA target increase
• Positive Sentiment: Mizuho lifted its target to $1,090, citing AI-driven growth and suggesting Seagate could see substantial gains over the next few years as storage demand rises. MSN article on Mizuho target increase
• Positive Sentiment: Analysts and market commentary continue to frame Seagate as a beneficiary of unprecedented AI-driven storage demand and stronger margins, which supports the bullish stock narrative. Yahoo Finance article on AI-driven demand
• Neutral Sentiment: One report noted that broader semiconductor and macro volatility has recently pressured the group at times, so the stock may remain sensitive to risk sentiment even with strong fundamentals. Yahoo Finance article on sector weakness
• Neutral Sentiment: Recent coverage also emphasized that Seagate’s high-density Mozaic/HAMR strategy is central to its long-term AI storage story, but that upside is still tied to execution and valuation. Seeking Alpha article on storage vs. memory

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.