Seagate Technology (STX) Stock Forecast, Price Target & Predictions


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STX Stock Forecast


Seagate Technology stock forecast is as follows: an average price target of $108.94 (represents a 7.39% upside from STX’s last price of $101.44) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.

STX Price Target


The average price target for Seagate Technology (STX) is $108.94 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $170.00 to $65.00. This represents a potential 7.39% upside from STX's last price of $101.44.

STX Analyst Ratings


Buy

According to 23 Wall Street analysts, Seagate Technology's rating consensus is 'Buy'. The analyst rating breakdown for STX stock is 0 'Strong Buy' (0.00%), 11 'Buy' (47.83%), 11 'Hold' (47.83%), 1 'Sell' (4.35%), and 0 'Strong Sell' (0.00%).

Seagate Technology Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Asiya MerchantCitigroup$110.00$100.739.20%8.44%
Jul 24, 2024Mehdi HosseiniSusquehanna$65.00$105.30-38.27%-35.92%
Jul 24, 2024Erik WoodringMorgan Stanley$133.00$105.3026.31%31.11%
Jul 24, 2024Ananda BaruahLoop Capital Markets$135.00$105.3028.21%33.08%
Jul 24, 2024Kevin CassidyRosenblatt Securities$125.00$105.3018.71%23.23%
Jul 24, 2024Tom O'MalleyBarclays$95.00$105.30-9.78%-6.35%
Jul 08, 2024Timothy ArcuriUBS$110.00$103.885.90%8.44%
May 31, 2024Vijay RakeshMizuho Securities$110.00$93.7117.38%8.44%
May 01, 2024Matt BrysonWedbush$100.00$85.8116.54%-1.42%
Mar 26, 2024Erik WoodringMorgan Stanley$115.00$88.2130.37%13.37%
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The latest Seagate Technology stock forecast, released on Sep 04, 2024 by Asiya Merchant from Citigroup, set a price target of $110.00, which represents a 9.20% increase from the stock price at the time of the forecast ($100.73), and a 8.44% increase from STX last price ($101.44).

Seagate Technology Price Target by Period


1M3M12M
# Anlaysts1712
Avg Price Target$110.00$110.43$112.17
Last Closing Price$101.44$101.44$101.44
Upside/Downside8.44%8.86%10.58%

In the current month, the average price target of Seagate Technology stock is $110.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.44% increase as opposed to Seagate Technology's last price of $101.44. This month's average price target is down -0.39% compared to last quarter, and down -1.93% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024CitigroupBuyBuyHold
Jul 24, 2024SusquehannaNegativeNegativeHold
Jul 24, 2024Morgan StanleyOverweightOverweightHold
Jul 24, 2024Cantor FitzgeraldNeutralNeutralHold
Jul 24, 2024Loop Capital MarketsBuyBuyHold
Jul 24, 2024Cowen & Co.BuyBuyHold
Jul 24, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 24, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 12, 2024CitigroupBuyBuyHold
Jul 08, 2024UBSNeutralNeutralHold
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Seagate Technology's last stock rating was published by Citigroup on Sep 04, 2024. The company gave STX a "Buy" rating, the same as its previous rate.

Seagate Technology Financial Forecast


Seagate Technology Revenue Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Revenue--------------$1.55B$1.45B$1.60B$1.86B$1.89B$2.04B$2.63B$2.80B$3.12B$3.12B$3.01B$2.73B$2.70B$2.31B$2.52B$2.72B
Avg Forecast$2.05B$2.11B$2.36B$2.35B$2.70B$2.60B$2.57B$2.49B$2.42B$2.33B$2.28B$2.11B$1.87B$1.68B$1.55B$1.51B$1.68B$1.98B$1.82B$2.10B$2.79B$2.80B$3.11B$3.11B$2.97B$2.68B$2.56B$2.35B$2.62B$2.61B
High Forecast$2.13B$2.20B$2.46B$2.45B$2.81B$2.71B$2.68B$2.59B$2.52B$2.42B$2.38B$2.20B$1.95B$1.75B$1.56B$1.63B$1.75B$2.06B$1.90B$2.19B$2.79B$2.95B$3.28B$3.27B$3.13B$2.82B$2.70B$2.47B$2.76B$2.76B
Low Forecast$2.00B$2.07B$2.31B$2.31B$2.65B$2.55B$2.52B$2.44B$2.37B$2.28B$2.24B$2.10B$1.83B$1.64B$1.52B$1.38B$1.65B$1.94B$1.79B$2.06B$2.79B$2.67B$2.97B$2.96B$2.83B$2.55B$2.44B$2.23B$2.49B$2.49B
# Analysts558551064486115251688101477128868888
Surprise %--------------1.00%0.96%0.95%0.94%1.03%0.97%0.94%1.00%1.00%1.00%1.01%1.02%1.05%0.99%0.96%1.04%

Seagate Technology's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.68B, with a low forecast of $1.64B, and a high forecast of $1.75B. STX's average Quarter revenue forecast represents a 7.85% increase compared to the company's last Quarter revenue of $1.55B (Dec 23).

Seagate Technology EBITDA Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts558551064486115251688101477128868888
EBITDA--------------$124.00M$-60.00M$112.00M$124.00M$64.00M$242.00M$474.00M$526.00M$684.00M$696.00M$659.00M$497.00M$477.00M$370.00M$309.00M$481.00M
Avg Forecast$298.64M$307.86M$344.54M$343.53M$394.38M$379.80M$375.15M$363.84M$353.28M$339.60M$333.47M$308.41M$273.12M$592.41M$226.79M$220.11M$245.84M$538.55M$266.33M$371.99M$461.75M$425.73M$669.51M$513.74M$491.73M$443.31M$424.31M$387.94M$432.64M$432.37M
High Forecast$310.89M$320.48M$358.66M$357.61M$410.54M$395.36M$390.53M$378.75M$367.76M$353.53M$347.14M$321.05M$284.31M$710.89M$228.25M$237.99M$255.91M$646.27M$277.24M$446.38M$461.75M$510.88M$803.41M$541.54M$518.34M$467.30M$447.27M$408.94M$456.06M$455.77M
Low Forecast$292.64M$301.67M$337.61M$336.63M$386.45M$372.17M$367.62M$356.53M$346.18M$332.78M$326.77M$306.95M$267.63M$473.93M$222.40M$201.93M$240.90M$430.84M$260.98M$297.59M$461.75M$340.59M$535.61M$489.55M$468.57M$422.43M$404.33M$369.67M$412.27M$412.01M
Surprise %--------------0.55%-0.27%0.46%0.23%0.24%0.65%1.03%1.24%1.02%1.35%1.34%1.12%1.12%0.95%0.71%1.11%

2 analysts predict STX's average Quarter EBITDA for Mar 24 to be $592.41M, with a high of $710.89M and a low of $473.93M. This is 377.75% upper than Seagate Technology's previous annual EBITDA (Dec 23) of $124.00M.

Seagate Technology Net Income Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts558551064486115251688101477128868888
Net Income--------------$-19.00M$-184.00M$-92.00M$-433.00M$-33.00M$29.00M$276.00M$346.00M$501.00M$526.00M$482.00M$329.00M$318.00M$223.00M$166.00M$320.00M
Avg Forecast$360.95M$383.48M$452.76M$448.65M$538.11M$504.38M$480.12M$444.51M$421.49M$389.70M$367.60M$308.49M$163.77M$285.23M$-12.43M$-51.55M$-58.40M$259.30M$19.77M$215.64M$403.07M$204.98M$490.39M$461.19M$390.83M$277.59M$236.91M$185.16M$270.58M$271.21M
High Forecast$380.18M$403.91M$476.89M$472.56M$566.79M$531.26M$505.71M$468.20M$443.95M$410.47M$387.20M$321.43M$172.49M$342.28M$-12.10M$-5.43M$-56.88M$311.16M$20.82M$258.77M$403.07M$245.98M$588.46M$493.64M$418.33M$297.11M$253.57M$198.19M$289.61M$290.29M
Low Forecast$351.52M$373.46M$440.93M$436.93M$524.06M$491.21M$467.58M$432.90M$410.48M$379.52M$358.00M$295.55M$159.49M$228.19M$-13.09M$-97.67M$-61.51M$207.44M$19.25M$172.51M$403.07M$163.99M$392.31M$432.96M$366.91M$260.59M$222.40M$173.82M$254.01M$254.61M
Surprise %--------------1.53%3.57%1.58%-1.67%-1.67%0.13%0.68%1.69%1.02%1.14%1.23%1.19%1.34%1.20%0.61%1.18%

Seagate Technology's average Quarter net income forecast for Dec 22 is $19.77M, with a range of $19.25M to $20.82M. STX's average Quarter net income forecast represents a -31.83% decrease compared to the company's last Quarter net income of $29.00M (Sep 22).

Seagate Technology SG&A Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts558551064486115251688101477128868888
SG&A---------------$105.00M$114.00M$123.00M$125.00M$129.00M$149.00M$141.00M$136.00M$133.00M$136.00M$126.00M$120.00M$118.00M$112.00M$119.00M
Avg Forecast$113.21M$116.70M$130.60M$130.22M$149.50M$143.97M$142.21M$137.92M$133.92M$128.73M$126.41M$116.91M$103.53M$185.77M$85.97M$83.44M$93.19M$168.88M$100.96M$154.19M$139.58M$133.50M$133.12M$155.30M$148.65M$134.01M$128.27M$117.27M$130.78M$130.70M
High Forecast$117.85M$121.49M$135.96M$135.56M$155.63M$149.87M$148.04M$143.58M$139.41M$134.01M$131.59M$121.70M$107.77M$222.92M$86.52M$90.22M$97.01M$202.66M$105.10M$185.02M$139.58M$160.20M$159.74M$163.70M$156.69M$141.26M$135.21M$123.62M$137.86M$137.77M
Low Forecast$110.93M$114.36M$127.98M$127.61M$146.49M$141.08M$139.35M$135.15M$131.23M$126.15M$123.87M$116.36M$101.45M$148.61M$84.30M$76.55M$91.32M$135.10M$98.93M$123.35M$139.58M$106.80M$106.49M$147.99M$141.65M$127.70M$122.23M$111.75M$124.63M$124.55M
Surprise %---------------1.26%1.22%0.73%1.24%0.84%1.07%1.06%1.02%0.86%0.91%0.94%0.94%1.01%0.86%0.91%

Seagate Technology's average Quarter SG&A projection for Dec 23 is $85.97M, based on 5 Wall Street analysts, with a range of $84.30M to $86.52M. The forecast indicates a -18.13% fall compared to STX last annual SG&A of $105.00M (Sep 23).

Seagate Technology EPS Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts558551064486115251688101477128868888
EPS--------------$-0.09$-0.88$-0.44$-2.09$-0.16$0.14$1.30$1.59$2.27$2.33$2.11$1.41$1.21$0.87$0.65$1.23
Avg Forecast$1.68$1.78$2.11$2.09$2.50$2.35$2.23$2.07$1.96$1.81$1.71$1.43$0.76$0.29$-0.06$-0.24$-0.27$0.25$0.09$0.71$1.89$1.87$2.36$2.21$1.87$1.33$1.13$0.89$1.29$1.30
High Forecast$1.77$1.88$2.22$2.20$2.64$2.47$2.35$2.18$2.06$1.91$1.80$1.50$0.80$0.31$-0.06$-0.03$-0.26$0.26$0.10$0.75$1.89$2.00$2.52$2.36$2.00$1.42$1.21$0.95$1.39$1.39
Low Forecast$1.63$1.74$2.05$2.03$2.44$2.28$2.17$2.01$1.91$1.77$1.67$1.37$0.74$0.28$-0.06$-0.45$-0.29$0.24$0.09$0.69$1.89$1.76$2.21$2.07$1.76$1.25$1.06$0.83$1.22$1.22
Surprise %--------------1.57%3.67%1.62%-8.43%-1.74%0.20%0.69%0.85%0.96%1.06%1.13%1.06%1.07%0.98%0.50%0.95%

According to 10 Wall Street analysts, Seagate Technology's projected average Quarter EPS for Dec 22 is $0.09, with a low estimate of $0.09 and a high estimate of $0.10. This represents a -34.32% decrease compared to STX previous annual EPS of $0.14 (Sep 22).

Seagate Technology Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CRSRCorsair Gaming$6.52$19.50199.08%Buy
SMCISuper Micro Computer$449.10$718.8060.05%Buy
WDCWestern Digital$64.09$78.1721.97%Buy
PSTGPure Storage$49.58$60.0621.14%Buy
STXSeagate Technology$101.44$108.947.39%Buy
DELLDell$115.40$114.09-1.14%Buy
HPQHP$33.76$32.60-3.44%Hold
NTAPNetApp$117.86$110.56-6.19%Buy
ANETArista Networks$359.16$232.13-35.37%Buy

STX Forecast FAQ


Yes, according to 23 Wall Street analysts, Seagate Technology (STX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 47.83% of STX's total ratings.

Seagate Technology (STX) average price target is $108.94 with a range of $65 to $170, implying a 7.39% from its last price of $101.44. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for STX stock, the company can go up by 7.39% (from the last price of $101.44 to the average price target of $108.94), up by 67.59% based on the highest stock price target, and down by -35.92% based on the lowest stock price target.

STX's average twelve months analyst stock price target of $108.94 does not support the claim that Seagate Technology can reach $200 in the near future.

1 Wall Street analyst forecast a $110 price target for Seagate Technology (STX) this month, up 8.44% from its last price of $101.44. Compared to the last 3 and 12 months, the average price target increased by 8.86% and increased by 10.58%, respectively.

Seagate Technology's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $10.37B (high $10.79B, low $10.16B), average EBITDA is $1.51B (high $1.58B, low $1.48B), average net income is $1.97B (high $2.07B, low $1.92B), average SG&A $573.6M (high $597.11M, low $562.08M), and average EPS is $9.15 (high $9.64, low $8.91). STX's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $8.87B (high $9.23B, low $8.69B), average EBITDA is $1.29B (high $1.35B, low $1.27B), average net income is $1.65B (high $1.73B, low $1.6B), average SG&A $490.73M (high $510.85M, low $480.88M), and average EPS is $7.66 (high $8.06, low $7.46).

Based on Seagate Technology's last annual report (Jun 2023), the company's revenue was $7.38B, which missed the average analysts forecast of $7.59B by -2.70%. Apple's EBITDA was $542M, missing the average prediction of $1.42B by -61.90%. The company's net income was $-529M, missing the average estimation of $436.32M by -221.24%. Apple's SG&A was $491M, missing the average forecast of $517.21M by -5.07%. Lastly, the company's EPS was $-2.56, missing the average prediction of $0.779 by -428.69%. In terms of the last quarterly report (Dec 2023), Seagate Technology's revenue was $1.56B, beating the average analysts' forecast of $1.55B by 0.08%. The company's EBITDA was $124M, missing the average prediction of $226.79M by -45.32%. Seagate Technology's net income was $-19M, beating the average estimation of $-12.426M by 52.91%. The company's SG&A was $0, missing the average forecast of $85.97M by -100.00%. Lastly, the company's EPS was $-0.0909, beating the average prediction of $-0.0578 by 57.28%