Seagate Technology (STX) Stock Forecast & Price Target

$108.65

+2.52 (+2.37%)

(As of 10/8/2024 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

Hold

Based on 20 Analyst Ratings

Sell
2

Hold
7

Buy
11

Based on 20 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 20 analysts, 2 have given a sell rating, 7 have given a hold rating, and 11 have given a buy rating for STX.

Consensus Price Target

$115.94
6.71% Upside

According to the 20 analysts' twelve-month price targets for Seagate Technology, the average price target is $115.94. The highest price target for STX is $142.00, while the lowest price target for STX is $65.00. The average price target represents a forecasted upside of 6.71% from the current price of $108.65.

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STX Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
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)	10 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$115.94	$115.94	$98.29	$62.56
Forecasted Upside	6.71% Upside	14.41% Upside	-7.37% Downside	-6.04% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Seagate Technology Stock vs. The Competition

Type	Seagate Technology	Business Services Companies	S&P 500
Consensus Rating Score	2.45	2.66	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	6.50% Upside	232.84% Upside	7.82% Upside
News Sentiment Rating	Positive News See Recent STX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/24/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$120.00 ➝ $125.00	+13.85%
7/24/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$100.00 ➝ $120.00	+8.40%
7/24/2024	Northland Securities 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$119.00 ➝ $142.00	+28.27%
7/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$80.00 ➝ $95.00	-13.80%
7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$90.00 ➝ $120.00	+7.52%
7/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$96.00 ➝ $107.00	-2.82%
Get the Latest News and Ratings for STX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Seagate Technology and its competitors with MarketBeat's FREE daily newsletter.
7/24/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $135.00	+22.60%
7/24/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $120.00	+8.98%
7/24/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$120.00 ➝ $125.00	+15.02%
7/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Negative ➝ Negative	$55.00 ➝ $65.00	-40.19%
7/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$115.00 ➝ $133.00	+26.31%
7/24/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $125.00	+18.71%
7/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $135.00	+28.21%
7/22/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Bryson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$100.00 ➝ $130.00	+23.34%
7/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $125.00	+14.79%
6/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$110.00	+13.23%
5/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $110.00	+17.38%
1/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$65.00	-21.36%
10/26/2023	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
4/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$60.00 ➝ $55.00	-3.64%
4/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$69.00 ➝ $54.00	-5.40%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$65.00 ➝ $72.00	+15.66%
10/27/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$40.00 ➝ $38.00	-28.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:32 AM ET.

STX Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Seagate Technology is $115.94, with a high forecast of $142.00 and a low forecast of $65.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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 6.71% based on their 12-month stock forecasts.
: Seagate Technology has been rated by research analysts at Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Evercore ISI, Loop Capital, Morgan Stanley, Northland Securities, Robert W. Baird, Rosenblatt Securities, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Seagate Technology less than other "business services" companies. The consensus rating for Seagate Technology is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how STX compares to other companies.