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Seagate Technology (STX) Stock Forecast & Price Target

Seagate Technology logo
$98.02 +0.22 (+0.22%)
(As of 11/20/2024 ET)

Seagate Technology - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Sell
2
Hold
6
Buy
11

Based on 19 Wall Street analysts who have issued ratings for Seagate Technology in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 2 have given a sell rating, 6 have given a hold rating, and 11 have given a buy rating for STX.

Consensus Price Target

$118.83
21.23% Upside
According to the 19 analysts' twelve-month price targets for Seagate Technology, the average price target is $118.83. The highest price target for STX is $150.00, while the lowest price target for STX is $65.00. The average price target represents a forecasted upside of 21.23% from the current price of $98.02.
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STX Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
6 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
9 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$118.83$115.94$115.94$65.35
Forecasted Upside21.23% Upside2.93% Upside11.05% Upside-14.63% Downside
Consensus Rating
Hold
Hold
Hold
Hold

STX Analyst Recommendations 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.
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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.
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Seagate Technology Stock vs. The Competition

TypeSeagate TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.47
2.67
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside21.23% Upside550.28% Upside9.81% Upside
News Sentiment Rating
Positive News

See Recent STX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/23/2024Benchmark
2 of 5 stars
 Reiterated RatingHold
10/23/2024Cantor Fitzgerald
3 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$125.00 ➝ $125.00+19.63%
10/23/2024Wedbush
4 of 5 stars
M. Bryson
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Reiterated RatingOutperform ➝ Outperform$150.00 ➝ $150.00+42.44%
10/23/2024Northland Securities
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 Boost TargetOutperform ➝ Outperform$142.00 ➝ $144.00+38.67%
10/23/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$125.00 ➝ $135.00+24.95%
10/23/2024Citigroup
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 Boost TargetBuy ➝ Buy$125.00 ➝ $130.00+20.33%
10/23/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$125.00 ➝ $140.00+24.29%
7/24/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$100.00 ➝ $120.00+8.40%
7/24/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $95.00-13.80%
7/24/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$90.00 ➝ $120.00+7.52%
7/24/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$96.00 ➝ $107.00-2.82%
7/24/2024Loop Capital
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 Boost TargetBuy ➝ Buy$105.00 ➝ $135.00+22.60%
7/24/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$110.00 ➝ $120.00+8.98%
7/24/2024Susquehanna
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 Boost TargetNegative ➝ Negative$55.00 ➝ $65.00-40.19%
7/24/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$115.00 ➝ $133.00+26.31%
7/24/2024TD Cowen
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 Boost TargetBuy ➝ Buy$110.00 ➝ $135.00+28.21%
6/5/2024Bank of America
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 Reiterated RatingBuy$110.00+13.23%
5/31/2024Mizuho
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 Boost TargetBuy ➝ Buy$100.00 ➝ $110.00+17.38%
1/11/2024BNP Paribas
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 DowngradeNeutral ➝ Underperform$65.00-21.36%
10/26/2023Summit Insights
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 UpgradeSell ➝ Hold
4/21/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHold$60.00 ➝ $55.00-3.64%
4/21/2023Credit Suisse Group
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 Lower TargetNeutral$69.00 ➝ $54.00-5.40%
1/26/2023Cowen
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 Boost TargetOutperform$65.00 ➝ $72.00+15.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:33 AM ET.


STX Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Seagate Technology is $118.83, with a high forecast of $150.00 and a low forecast of $65.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STX, but not buy additional shares or sell existing shares.

According to analysts, Seagate Technology's stock has a predicted upside of 21.23% based on their 12-month stock forecasts.

Seagate Technology has been rated by research analysts at Benchmark, Cantor Fitzgerald, Citigroup, Evercore ISI, Northland Securities, Rosenblatt Securities, and Wedbush in the past 90 days.

Analysts like Seagate Technology less than other "computer and technology" companies. The consensus rating for Seagate Technology is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how STX compares to other companies.


This page (NASDAQ:STX) was last updated on 11/21/2024 by MarketBeat.com Staff
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