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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 $113.84 (represents a 16.40% upside from STX’s last price of $97.80) 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 $113.84 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 16.40% upside from STX's last price of $97.80.

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
Oct 23, 2024Kevin CassidyRosenblatt Securities$140.00$112.6424.29%43.15%
Oct 23, 2024Toshiya HariGoldman Sachs$112.00$112.64-0.57%14.52%
Oct 23, 2024Asiya MerchantCitigroup$130.00$112.6415.41%32.92%
Oct 23, 2024Amit DaryananiEvercore ISI$135.00$112.6419.85%38.04%
Sep 04, 2024Asiya MerchantCitigroup$110.00$100.739.20%12.47%
Jul 24, 2024Mehdi HosseiniSusquehanna$65.00$105.30-38.27%-33.54%
Jul 24, 2024Erik WoodringMorgan Stanley$133.00$105.3026.31%35.99%
Jul 24, 2024Ananda BaruahLoop Capital Markets$135.00$105.3028.21%38.04%
Jul 24, 2024Kevin CassidyRosenblatt Securities$125.00$105.3018.71%27.81%
Jul 24, 2024Tom O'MalleyBarclays$95.00$105.30-9.78%-2.86%
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The latest Seagate Technology stock forecast, released on Oct 23, 2024 by Kevin Cassidy from Rosenblatt Securities, set a price target of $140.00, which represents a 24.29% increase from the stock price at the time of the forecast ($112.64), and a 43.15% increase from STX last price ($97.80).

Seagate Technology Price Target by Period

1M3M12M
# Anlaysts4516
Avg Price Target$129.25$125.40$116.44
Last Closing Price$97.80$97.80$97.80
Upside/Downside32.16%28.22%19.06%

In the current month, the average price target of Seagate Technology stock is $129.25, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 32.16% increase as opposed to Seagate Technology's last price of $97.80. This month's average price target is up 3.07% compared to last quarter, and up 11.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Cowen & Co.BuyBuyHold
Oct 23, 2024BenchmarkHoldHoldHold
Oct 23, 2024Goldman SachsNeutralNeutralHold
Oct 23, 2024CitigroupBuyBuyHold
Oct 23, 2024Evercore ISIOutperformOutperformHold
Oct 15, 2024Morgan StanleyOverweightOverweightHold
Sep 04, 2024CitigroupBuyBuyHold
Jul 24, 2024SusquehannaNegativeNegativeHold
Jul 24, 2024Morgan StanleyOverweightOverweightHold
Jul 24, 2024Cantor FitzgeraldNeutralNeutralHold
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Seagate Technology's last stock rating was published by Cowen & Co. on Oct 23, 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$2.55B$2.56B$2.63B$2.60B$2.67B$2.60B$2.58B$2.51B$2.43B$2.33B$2.32B$2.13B$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$2.63B$2.64B$2.72B$2.68B$2.75B$2.68B$2.66B$2.59B$2.51B$2.40B$2.36B$2.14B$1.87B$1.68B$1.56B$1.63B$1.74B$2.04B$1.88B$2.10B$2.79B$2.80B$3.11B$3.11B$2.97B$2.68B$2.56B$2.35B$2.62B$2.61B
Low Forecast$2.47B$2.48B$2.55B$2.52B$2.58B$2.52B$2.50B$2.43B$2.35B$2.30B$2.30B$2.12B$1.87B$1.68B$1.52B$1.38B$1.63B$1.92B$1.77B$2.10B$2.79B$2.80B$3.11B$3.11B$2.97B$2.68B$2.56B$2.35B$2.62B$2.61B
# Analysts5107559544111152251688914771115881113179
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 $1.68B, and a high forecast of $1.68B. 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
# Analysts5107559544111152251688914771115881113179
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$382.55M$383.69M$394.74M$390.01M$400.05M$389.54M$386.42M$375.80M$364.10M$349.38M$347.66M$319.32M$280.57M$592.41M$232.98M$226.11M$252.55M$538.55M$736.46M$306.62M$407.42M$425.73M$669.51M$453.30M$433.88M$391.15M$374.39M$342.30M$381.74M$381.50M
High Forecast$394.68M$395.86M$407.26M$402.37M$412.74M$401.89M$398.67M$387.72M$375.65M$359.70M$353.68M$320.56M$280.57M$710.89M$234.48M$244.49M$260.55M$646.27M$883.75M$306.62M$407.42M$510.88M$803.41M$453.30M$433.88M$391.15M$374.39M$342.30M$381.74M$381.50M
Low Forecast$370.57M$371.67M$382.38M$377.79M$387.52M$377.34M$374.32M$364.04M$352.70M$344.96M$344.65M$318.07M$280.57M$473.93M$228.47M$207.44M$244.64M$430.84M$589.17M$306.62M$407.42M$340.59M$535.61M$453.30M$433.88M$391.15M$374.39M$342.30M$381.74M$381.50M
Surprise %--------------0.53%-0.27%0.44%0.23%0.09%0.79%1.16%1.24%1.02%1.54%1.52%1.27%1.27%1.08%0.81%1.26%

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
# Analysts5107559544111152251688914771115881113179
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$400.54M$430.63M$513.85M$503.32M$541.38M$512.95M$503.07M$474.69M$455.87M$413.16M$404.23M$320.67M$164.53M$285.23M$-12.48M$-51.79M$-58.67M$259.30M$539.42M$152.79M$406.86M$204.98M$490.39M$474.43M$402.05M$285.55M$243.71M$190.47M$278.34M$278.99M
High Forecast$417.05M$448.38M$535.04M$524.07M$563.70M$534.09M$523.81M$494.25M$474.66M$469.59M$414.98M$333.35M$164.56M$342.28M$-11.98M$-5.45M$-56.28M$311.16M$647.31M$152.79M$406.86M$245.98M$588.46M$474.43M$402.05M$285.55M$243.71M$190.47M$278.34M$278.99M
Low Forecast$384.23M$413.10M$492.94M$482.83M$519.34M$492.07M$482.60M$455.36M$437.31M$362.78M$382.73M$307.99M$164.49M$228.19M$-13.00M$-98.12M$-61.09M$207.44M$431.54M$152.79M$406.86M$163.99M$392.31M$474.43M$402.05M$285.55M$243.71M$190.47M$278.34M$278.99M
Surprise %--------------1.52%3.55%1.57%-1.67%-0.06%0.19%0.68%1.69%1.02%1.11%1.20%1.15%1.30%1.17%0.60%1.15%

Seagate Technology's average Quarter net income forecast for Dec 22 is $539.42M, with a range of $431.54M to $647.31M. STX's average Quarter net income forecast represents a 1760.08% increase 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
# Analysts5107559544111152251688914771115881113179
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$141.16M$141.58M$145.66M$143.91M$147.62M$143.74M$142.59M$138.67M$134.35M$128.92M$128.29M$117.83M$103.53M$185.77M$85.97M$83.44M$93.19M$168.88M$146.43M$116.23M$154.44M$133.50M$133.12M$171.83M$164.47M$148.28M$141.92M$129.76M$144.71M$144.62M
High Forecast$145.64M$146.07M$150.28M$148.48M$152.30M$148.30M$147.11M$143.07M$138.61M$132.73M$130.51M$118.29M$103.53M$222.92M$86.52M$90.22M$96.14M$202.66M$175.72M$116.23M$154.44M$160.20M$159.74M$171.83M$164.47M$148.28M$141.92M$129.76M$144.71M$144.62M
Low Forecast$136.74M$137.15M$141.10M$139.41M$143.00M$139.24M$138.12M$134.33M$130.15M$127.29M$127.18M$117.37M$103.53M$148.61M$84.30M$76.55M$90.27M$135.10M$117.14M$116.23M$154.44M$106.80M$106.49M$171.83M$164.47M$148.28M$141.92M$129.76M$144.71M$144.62M
Surprise %---------------1.26%1.22%0.73%0.85%1.11%0.96%1.06%1.02%0.77%0.83%0.85%0.85%0.91%0.77%0.82%

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
# Analysts5107559544111152251688914771115881113179
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$1.85$1.99$2.38$2.33$2.51$2.37$2.33$2.20$2.11$1.91$1.87$1.48$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$1.93$2.08$2.48$2.43$2.61$2.47$2.43$2.29$2.20$2.17$1.92$1.54$0.76$0.29$-0.06$-0.03$-0.26$0.26$0.10$0.71$1.89$1.87$2.36$2.21$1.87$1.33$1.13$0.89$1.29$1.30
Low Forecast$1.78$1.91$2.28$2.24$2.40$2.28$2.23$2.11$2.02$1.68$1.77$1.43$0.76$0.29$-0.06$-0.45$-0.28$0.24$0.09$0.71$1.89$1.87$2.36$2.21$1.87$1.33$1.13$0.89$1.29$1.30
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 9 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
SMCISuper Micro Computer$28.27$529.361772.52%Buy
CRSRCorsair Gaming$6.59$15.67137.78%Buy
PSTGPure Storage$49.90$61.8924.03%Buy
WDCWestern Digital$65.29$78.1719.73%Buy
STXSeagate Technology$97.80$113.8416.40%Buy
HPQHP$36.87$33.55-9.00%Hold
NTAPNetApp$122.20$110.56-9.53%Buy
DELLDell$135.90$115.26-15.19%Buy
ANETArista Networks$377.70$235.35-37.69%Buy

STX Forecast FAQ

Is Seagate Technology a good buy?

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.

What is STX's price target?

Seagate Technology (STX) average price target is $113.84 with a range of $65 to $170, implying a 16.40% from its last price of $97.8. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Seagate Technology stock go up soon?

According to Wall Street analysts' prediction for STX stock, the company can go up by 16.40% (from the last price of $97.8 to the average price target of $113.84), up by 73.82% based on the highest stock price target, and down by -33.54% based on the lowest stock price target.

Can Seagate Technology stock reach $150?

STX's highest twelve months analyst stock price target of $170 supports the claim that Seagate Technology can reach $150 in the near future.

What is Seagate Technology's current price target trend?

4 Wall Street analysts forecast a $129.25 price target for Seagate Technology (STX) this month, up 32.16% from its last price of $97.8. Compared to the last 3 and 12 months, the average price target increased by 28.22% and increased by 19.06%, respectively.

What are Seagate Technology's analysts' financial forecasts?

Seagate Technology's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $10.35B (high $10.68B, low $10.02B), average EBITDA is $1.55B (high $1.6B, low $1.5B), average net income is $2.03B (high $2.12B, low $1.95B), average SG&A $572.62M (high $590.78M, low $554.69M), and average EPS is $9.41 (high $9.8, low $9.02). STX's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $10.34B (high $10.67B, low $10.02B), average EBITDA is $1.55B (high $1.6B, low $1.5B), average net income is $1.85B (high $1.92B, low $1.77B), average SG&A $572.31M (high $590.46M, low $554.39M), and average EPS is $8.56 (high $8.91, low $8.21).

Did the STX's actual financial results beat the analysts' financial forecasts?

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 $1.83B by -70.45%. The company's net income was $-529M, missing the average estimation of $892.85M by -159.25%. Apple's SG&A was $491M, missing the average forecast of $524.73M by -6.43%. 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 $232.98M by -46.78%. Seagate Technology's net income was $-19M, beating the average estimation of $-12.484M by 52.20%. 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%