B of A Securities Reiterates Buy Rating on Seagate Technology
B of A Securities maintains a buy rating on Seagate Technology with a $1,150 price target, a 19.17% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Seagate Technology (STX) with a $1,150 price target on July 1, 2026.
- B of A Securities's $1,150 price target implies 19.17% upside from Seagate Technology Holdings plc's ($STX) current $965 share price.
- Seagate Technology shares traded at $965 on Wednesday, with a market cap of $218.3 billion and a P/E ratio of 91.73.
- Insider activity includes planned sales by executives, while analysts maintain positive ratings with price targets up to $1,600.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On July 1, 2026, B of A Securities reiterated its buy rating on Seagate Technology Holdings plc (NasdaqGS: STX), setting a price target of $1,150. Analyst Wamsi Mohan provided the update, maintaining a positive outlook for the data storage company.
B of A Securities vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Seagate Technology Holdings plc Stock Up 16.3%
Shares of NasdaqGS:STX traded near $965 on Wednesday. Seagate Technology, with a market cap of approximately $218.3 billion, has a P/E ratio of 91.73 and a forward P/E of 35.54. The stock has experienced significant movement, with a 52-week low of $138.30 and a high of $1,145. Its 50-day moving average stands at $819.14, while the 200-day average is $446.33. The company maintains a current ratio of 1.33 and a quick ratio of 0.77, though it carries a high debt-to-equity ratio of 381.55.
$STX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest financial results, Seagate Technology reported revenue of about $11 billion, reflecting a growth rate of 44.1%. The company achieved an EPS of $10.52, with a net margin of 21.6% and a return on equity of 17.88%. Seagate is scheduled to release its next earnings report on July 28, 2026.
Insider Buying and Selling at Seagate Technology Holdings plc
Recent insider activity at Seagate Technology includes several planned sales on June 12, 2026. Teh Ban Seng, EVP & Chief Commercial Officer, sold 989 shares at an average price of $880.19. Similarly, John Christopher Morris, EVP & CTO, sold 1,364 shares, and Gianluca Romano, EVP & CFO, sold 903 shares. CEO William Mosley also sold 1,768 shares on the same date. Notably, Morris bought 942 shares on June 11, 2026, indicating some insider buying activity.
Analysts Set New Price Targets
On July 1, 2026, B of A Securities maintained its buy rating on Seagate Technology with a $1,150 price target. Other firms have also been bullish, with Cantor Fitzgerald maintaining a buy rating and a $1,300 target on June 29, 2026. Morgan Stanley set a target of $1,035 on June 15, 2026, while JP Morgan maintained its buy rating with a $920 target on June 12, 2026. The consensus among analysts is a buy recommendation, with an average target price of about $941.65 based on 23 opinions.
About Seagate Technology
Seagate Technology Holdings plc is a leading provider of data storage technology and solutions, headquartered in Singapore. The company develops mass capacity storage products like hard disk drives and solid-state drives for various applications. Seagate's products are widely used by original equipment manufacturers, distributors, and retailers across the globe. Founded in 1978, the company is led by CEO Dr. William David Mosley and employs around 30,000 people.
Bottom Line
B of A Securities' reiteration of a buy rating on Seagate Technology highlights continued confidence in the company's prospects. With a solid market position in data storage technology, Seagate's financial performance and forward-looking analyst targets suggest potential for growth. As always, investors should remember that analyst ratings and 13F filings are backward-looking and should be considered alongside other factors.
Get Seagate Technology Holdings plc alerts
New 13F filings, insider trades, and analyst moves on $STX, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.