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Recommendations
Seagate price target raised to $78 from $65 at Mizuho » 06:49
02/26/21
02/26
06:49
02/26/21
06:49
STX

Seagate

$72.85 /

-1.51 (-2.03%)

Mizuho analyst Vijay…

Mizuho analyst Vijay Rakesh raised the firm's price target on Seagate to $78 from $65 and keeps a Neutral rating on the shares following the company's analyst day. The analyst believes Seagate has a "strong 18/20TB roadmap and leadership HAMR roadmap to 100TB taking HDD market share," but sees the sahrs as fairly valued.

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STX Seagate
$72.85 /

-1.51 (-2.03%)

STX Seagate
$72.85 /

-1.51 (-2.03%)

02/25/21 Craig-Hallum
Seagate price target raised to $95 from $90 at Craig-Hallum
02/25/21 Benchmark
Seagate price target raised to $82 from $70 at Benchmark
02/25/21 Loop Capital
Seagate price target raised to $90 from $70 at Loop Capital
02/25/21 Northland
Seagate price target raised to $85 from $75 at Northland
STX Seagate
$72.85 /

-1.51 (-2.03%)

STX Seagate
$72.85 /

-1.51 (-2.03%)

STX Seagate
$72.85 /

-1.51 (-2.03%)

Recommendations
Seagate price target raised to $95 from $90 at Craig-Hallum » 09:33
02/25/21
02/25
09:33
02/25/21
09:33
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Craig-Hallum analyst…

Craig-Hallum analyst Christian Schwab raised the firm's price target on Seagate to $95 from $90 and keeps a Buy rating on the shares following analyst day. Mass capacity HDDs continue to expand, which are expected to drive nearly all hard drive revenue by fiscal year 2025, the analyst contends.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/25/21 Benchmark
Seagate price target raised to $82 from $70 at Benchmark
02/25/21 Loop Capital
Seagate price target raised to $90 from $70 at Loop Capital
02/25/21 Northland
Seagate price target raised to $85 from $75 at Northland
02/25/21 Wells Fargo
Seagate price target raised to $70 from $65 at Wells Fargo
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Recommendations
Seagate price target raised to $82 from $70 at Benchmark » 09:19
02/25/21
02/25
09:19
02/25/21
09:19
STX

Seagate

/

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Benchmark analyst Mark…

Benchmark analyst Mark Miller raised the firm's price target on Seagate to $82 from $70 and keeps a Buy rating on the shares following the company's analyst day, which he said highlighted growth in storage, the advantages of HAMR drives, new products and an updated long-term model. Seagate now projects revenue growth of 3%-6%, gross margins of 30%-33%, operating margins of 15%-20%, and a 70% return of free cash flow to shareholders, which "represent improvements over Seagate's prior long-term model," Miller tells investors.

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STX Seagate
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STX Seagate
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02/25/21 Loop Capital
Seagate price target raised to $90 from $70 at Loop Capital
02/25/21 Northland
Seagate price target raised to $85 from $75 at Northland
02/25/21 Wells Fargo
Seagate price target raised to $70 from $65 at Wells Fargo
02/25/21 Barclays
Seagate price target raised to $65 from $60 at Barclays
STX Seagate
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STX Seagate
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STX Seagate
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Recommendations
Seagate price target raised to $90 from $70 at Loop Capital » 09:09
02/25/21
02/25
09:09
02/25/21
09:09
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Loop Capital analyst…

Loop Capital analyst Ananda Baruah raised the firm's price target on Seagate to $90 from $70 and keeps a Buy rating on the shares. The company's updated financial model unveiled at its analyst day suggests a stronger than anticipated earnings momentum, with gross and operating margins also set to improve sequentially over the next 4-6 quarters, the analyst tells investors in a research note. Baruah adds that as part of its presentation, Seagate also increased its buy-back authorization to $5B from $3B, or about 30% of market cap.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/25/21 Northland
Seagate price target raised to $85 from $75 at Northland
02/25/21 Wells Fargo
Seagate price target raised to $70 from $65 at Wells Fargo
02/25/21 Barclays
Seagate price target raised to $65 from $60 at Barclays
02/25/21 Deutsche Bank
Seagate price target raised to $70 from $58 at Deutsche Bank
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Recommendations
Seagate price target raised to $85 from $75 at Northland » 09:09
02/25/21
02/25
09:09
02/25/21
09:09
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Northland analyst Gus…

Northland analyst Gus Richard raised the firm's price target on Seagate to $85 from $75 and keeps an Outperform rating on the shares after what he calls an "upbeat" analyst meeting during which the company positively revised its three to five year financial targets, gave insight into its product roadmap, and discussed its new product initiatives. Richard thinks "the death of the HDD market is highly exaggerated," contending instead that the hard disk drive market is in fact at an inflection point.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/25/21 Wells Fargo
Seagate price target raised to $70 from $65 at Wells Fargo
02/25/21 Barclays
Seagate price target raised to $65 from $60 at Barclays
02/25/21 Deutsche Bank
Seagate price target raised to $70 from $58 at Deutsche Bank
02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Recommendations
Seagate price target raised to $70 from $65 at Wells Fargo » 08:49
02/25/21
02/25
08:49
02/25/21
08:49
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Wells Fargo analyst Aaron…

Wells Fargo analyst Aaron Rakers raised the firm's price target on Seagate to $70 from $65 and keeps an Equal Weight rating on the shares. The analyst notes Seagate hosted what he would consider a positive Investor Day. Rakers says key highlights include long-term margin increase, confidence in HAMR, and capital return.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/25/21 Barclays
Seagate price target raised to $65 from $60 at Barclays
02/25/21 Deutsche Bank
Seagate price target raised to $70 from $58 at Deutsche Bank
02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
02/18/21
Fly Intel: Top five analyst upgrades
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Recommendations
Seagate price target raised to $65 from $60 at Barclays » 07:31
02/25/21
02/25
07:31
02/25/21
07:31
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Barclays analyst Thomas…

Barclays analyst Thomas O'Malley raised the firm's price target on Seagate Technology to $65 from $60 and keeps an Underweight rating on the shares following the company's analyst day. Seagate has executed well but this is reflected in the stock, O'Malley tells investors in a research note.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/25/21 Deutsche Bank
Seagate price target raised to $70 from $58 at Deutsche Bank
02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
02/18/21
Fly Intel: Top five analyst upgrades
02/18/21 BofA
Seagate upgraded to Buy from Underperform at BofA
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Recommendations
Seagate price target raised to $70 from $58 at Deutsche Bank » 07:11
02/25/21
02/25
07:11
02/25/21
07:11
STX

Seagate

$74.38 /

+2.22 (+3.08%)

Deutsche Bank analyst…

Deutsche Bank analyst Sidney Ho raised the firm's price target on Seagate to $70 from $58 and keeps a Hold rating on the shares following the company's analyst day.

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STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
02/18/21
Fly Intel: Top five analyst upgrades
02/18/21 BofA
Seagate upgraded to Buy from Underperform at BofA
02/17/21 Craig-Hallum
Seagate price target raised to $90 from $78 at Craig-Hallum
STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

STX Seagate
$74.38 /

+2.22 (+3.08%)

Hot Stocks
Seagate says on track to deliver 50TB devices by 2026 » 12:34
02/24/21
02/24
12:34
02/24/21
12:34
STX

Seagate

$73.92 /

+1.76 (+2.44%)

Says on path to 10TB per…

Says on path to 10TB per disc by 2030. Says heat-assisted magnetic recording is showing areal density CAGR of over 20%. Says on track to deliver 50TB devices by 2026. Says advanced tech will provide path to 100TB+ devices.

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STX Seagate
$73.92 /

+1.76 (+2.44%)

STX Seagate
$73.92 /

+1.76 (+2.44%)

02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
02/18/21
Fly Intel: Top five analyst upgrades
02/18/21 BofA
Seagate upgraded to Buy from Underperform at BofA
02/17/21 Craig-Hallum
Seagate price target raised to $90 from $78 at Craig-Hallum
STX Seagate
$73.92 /

+1.76 (+2.44%)

STX Seagate
$73.92 /

+1.76 (+2.44%)

STX Seagate
$73.92 /

+1.76 (+2.44%)

Hot Stocks
Seagate says Lyve could open up $50B in market opportunity by 2025 » 12:23
02/24/21
02/24
12:23
02/24/21
12:23
STX

Seagate

$73.72 /

+1.56 (+2.16%)

Says Lyve platform gives…

Says Lyve platform gives company access to "large and rapidly growing market." Says Lyve could open up roughly $50B in market opportunity for Seagate by 2025. Says in prime positiion to drive HDD innovation.

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STX Seagate
$73.72 /

+1.56 (+2.16%)

STX Seagate
$73.72 /

+1.56 (+2.16%)

02/22/21 Stifel
Seagate price target raised to $86 from $75 at Stifel
02/18/21
Fly Intel: Top five analyst upgrades
02/18/21 BofA
Seagate upgraded to Buy from Underperform at BofA
02/17/21 Craig-Hallum
Seagate price target raised to $90 from $78 at Craig-Hallum
STX Seagate
$73.72 /

+1.56 (+2.16%)

STX Seagate
$73.72 /

+1.56 (+2.16%)

STX Seagate
$73.72 /

+1.56 (+2.16%)

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