Investment Analysts’ Weekly Ratings Changes for Seagate Technology (STX)

A number of research firms have changed their ratings and price targets for Seagate Technology (NASDAQ: STX):

• 7/8/2026 – Seagate Technology had its price target raised by Susquehanna from $615.00 to $775.00. They now have a “neutral” rating on the stock.
• 7/1/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $1,000.00 to $1,150.00. They now have a “buy” rating on the stock.
• 6/29/2026 – Seagate Technology was downgraded by Zacks Research from “strong-buy” to “hold”.
• 6/29/2026 – Seagate Technology had its price target raised by Cantor Fitzgerald from $1,000.00 to $1,300.00. They now have an “overweight” rating on the stock.
• 6/29/2026 – Seagate Technology is now covered by Melius Research. They set a “buy” rating and a $1,600.00 price target on the stock.
• 6/24/2026 – Seagate Technology had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 6/22/2026 – Seagate Technology was downgraded by Fox Advisors from “overweight” to “equal weight”.
• 6/15/2026 – Seagate Technology had its price target raised by Morgan Stanley from $767.00 to $1,035.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – Seagate Technology had its price target raised by China Renaissance from $802.00 to $983.00.
• 6/11/2026 – Seagate Technology had its price target raised by JPMorgan Chase & Co. from $775.00 to $920.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $900.00 to $1,000.00.
• 6/8/2026 – Seagate Technology had its price target raised by Mizuho from $875.00 to $1,090.00. They now have an “outperform” rating on the stock.
• 6/2/2026 – Seagate Technology had its price target raised by Citigroup Inc. from $740.00 to $1,150.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Seagate Technology had its price target raised by Wells Fargo & Company from $700.00 to $900.00. They now have an “equal weight” rating on the stock.
• 5/27/2026 – Seagate Technology had its price target raised by Barclays PLC from $750.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Seagate Technology had its price target raised by Bank of America Corporation from $840.00 to $900.00. They now have a “buy” rating on the stock.
• 5/15/2026 – Seagate Technology had its price target raised by Loop Capital from $950.00 to $1,140.00. They now have a “buy” rating on the stock.
• 5/12/2026 – Seagate Technology had its price target raised by Evercore Inc from $750.00 to $1,000.00. They now have an “outperform” rating on the stock.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is currently 28.08%.

Insider Activity

In other news, CFO Gianluca Romano sold 903 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the transaction, the chief financial officer directly owned 42,860 shares in the company, valued at approximately $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the sale, the executive vice president owned 12,088 shares in the company, valued at approximately $10,639,736.72. This represents a 10.14% decrease in their ownership of the stock. 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. Insiders sold 151,069 shares of company stock worth $126,191,753 in the last 90 days. 0.79% of the stock is currently owned by insiders.

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.