Seagate Technology (NASDAQ:STX) Given New $505.00 Price Target at Robert W. Baird

Seagate Technology (NASDAQ:STX) had its price target boosted by equities researchers at Robert W. Baird from $270.00 to $505.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 14.01% from the stock’s previous close.

STX has been the topic of several other reports. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen raised their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush boosted their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Barclays increased their price target on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Exane BNP Paribas raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $402.57.

Seagate Technology Stock Performance

Shares of STX opened at $442.93 on Thursday. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $449.50. The firm has a market cap of $94.59 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 1.08 and a beta of 1.60. The business’s fifty day moving average is $297.13 and its 200-day moving average is $235.15.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 462.62% and a net margin of 19.59%.Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts forecast that Seagate Technology will post 6.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the transaction, the director directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president directly owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 126,152 shares of company stock valued at $35,156,362 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Seagate Technology

Several institutional investors have recently added to or reduced their stakes in STX. Harbor Asset Planning Inc. bought a new position in Seagate Technology during the 2nd quarter worth approximately $27,000. Salomon & Ludwin LLC increased its position in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares during the period. Rakuten Securities Inc. raised its stake in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology during the fourth quarter worth $28,000. Finally, Avion Wealth lifted its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after buying an additional 79 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q2 results beat expectations: Seagate reported stronger-than-expected EPS and revenue, posted record margins and issued above-consensus Q3 guidance (EPS 3.20–3.60; revenue ~$2.8–3.0B), which supports earnings momentum and valuation expansion. Read More.
• Positive Sentiment: AI-driven storage demand and supply tightness: Management and market reports say data-center/A I demand has surged, and Seagate’s CEO says the company is “sold out through 2026,” implying sustained revenue visibility and pricing leverage. Read More. Read More.
• Positive Sentiment: Major analyst upgrades and higher price targets: Several firms raised targets and ratings (including Cantor, TD Cowen, Rosenblatt pushing targets toward $500), amplifying momentum and buy-side interest. Read More.
• Neutral Sentiment: Dividend continues to be paid: Seagate declared a quarterly dividend, supporting income-minded holders but small relative to capital gains drivers. (Company release)
• Neutral Sentiment: Mixed analyst targets: Some firms raised price targets but left neutral/equal-weight ratings (Wells Fargo, Barclays, UBS); others raised targets but still sit below the current market price — this creates divergent expectations about upside from here. Read More. Read More.
• Negative Sentiment: Short-term profit-taking and “cooling off” risk: Some commentary noted the stock may pull back after the initial pop despite strong results; elevated short-term volatility is possible as investors lock in gains. Read More.
• Negative Sentiment: Valuation and target dispersion: The stock’s rally has pushed valuation measures higher (P/E expansion); analysts’ target dispersion means downside risk if AI demand growth moderates or margins normalize. Read More.

Seagate Technology Company Profile

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.