Seagate Technology (NASDAQ:STX) Price Target Raised to $450.00 at Wells Fargo & Company

Posted by Danessa Lincoln on Jan 28th, 2026

Seagate Technology (NASDAQ:STX – Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $360.00 to $450.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the data storage provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 3.74% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Morgan Stanley lifted their price target on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Bank of America lifted their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Benchmark raised their price target on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Two investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $389.09.

Check Out Our Latest Research Report on Seagate Technology

Seagate Technology Price Performance

Shares of STX traded up $62.04 during trading hours on Wednesday, hitting $433.80. The company’s stock had a trading volume of 5,943,222 shares, compared to its average volume of 3,977,542. The business has a 50 day simple moving average of $293.46 and a two-hundred day simple moving average of $233.69. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $442.49. The company has a market cap of $92.64 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.06 and a beta of 1.60.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Activity

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the completion of the sale, the chief executive officer directly owned 465,668 shares in the company, valued at $122,386,863.76. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. This trade represents a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently bought and sold shares of STX. WCM Investment Management LLC acquired a new stake in Seagate Technology in the third quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its holdings in Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares during the last quarter. Norges Bank bought a new position in shares of Seagate Technology in the 2nd quarter worth about $197,027,000. Finally, Boston Partners bought a new stake in shares of Seagate Technology during the 2nd quarter valued at about $193,500,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

Positive Sentiment: Q2 beat and upbeat guidance — Seagate reported EPS $3.11 vs. ~$2.77 consensus and revenue $2.83B, delivered record gross and operating margins, and set Q3 EPS guidance of $3.20–3.60 (above Street estimates), citing strong AI/data-center demand. Seagate Technology Reports Fiscal Second Quarter 2026 Financial Results
Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (TD Cowen & Rosenblatt to $500; Mizuho to $400), signaling increased sell-side conviction that Seagate will benefit from sustained AI-led capacity demand. Seagate Technology (NASDAQ:STX) Trading 6.5% Higher on Analyst Upgrade
Positive Sentiment: High-profile bullish commentary — Broad market coverage and comments (e.g., Jim Cramer) highlighting supply shortages and strong secular demand have supported momentum and investor sentiment. Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
Neutral Sentiment: Dividend announced — Seagate declared a quarterly dividend of $0.74 per share (record March 25; payable April 8), a modest yield that supports income-minded holders but is not the primary catalyst for the move.
Neutral Sentiment: Earnings materials & call transcript available — Detailed call and slide deck were posted (useful for modelers and quant traders assessing margins and capacity ramp timing). Seagate Technology Holdings plc (NASDAQ:STX) Q2 2026 Earnings Call Transcript
Negative Sentiment: Momentum/valuation risk — The stock has run up sharply into key resistance and sports a rich valuation vs. history; some coverage notes traders are taking profits despite strong results. Short-term pullback risk exists if execution or orders slow. Seagate Technology stock hits key resistance ahead of its earnings: buy or sell?
Negative Sentiment: Early profit-taking reported — Some outlets flagged that the stock “cooled off” in parts of the session after the headline beat, indicating mixed intraday flows and the potential for volatility despite fundamentally strong results. Seagate Technology cools off despite strong Q2 results, guidance

Seagate Technology Company Profile

(Get Free Report)

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.