Zacks Research Brokers Increase Earnings Estimates for STX

• Seagate Stock Could Soar as AI Drives Storage Demand

Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) - Analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Seagate Technology in a research report issued on Tuesday, November 18th. Zacks Research analyst Team now anticipates that the data storage provider will post earnings per share of $2.54 for the quarter, up from their prior estimate of $2.15. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Seagate Technology's Q3 2026 earnings at $2.45 EPS, FY2026 earnings at $10.24 EPS, Q1 2027 earnings at $3.00 EPS, Q2 2027 earnings at $3.30 EPS, Q3 2027 earnings at $3.69 EPS, Q4 2027 earnings at $4.18 EPS, FY2027 earnings at $14.16 EPS, Q1 2028 earnings at $4.16 EPS and FY2028 earnings at $18.05 EPS.

Several other brokerages have also issued reports on STX. Argus increased their price target on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, October 30th. Fox Advisors upped their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Seagate Technology in a research note on Wednesday. Robert W. Baird lifted their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, October 29th. Finally, Evercore ISI boosted their price target on Seagate Technology from $160.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average price target of $283.41.

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Get Our Latest Stock Analysis on STX

Seagate Technology Stock Performance

STX stock opened at $240.50 on Friday. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $297.88. The company has a market capitalization of $51.36 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business's 50 day moving average price is $238.92 and its two-hundred day moving average price is $175.10.

• Seagate's Record Earnings Prove Its Role as a Core AI Player

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS.

Institutional Investors Weigh In On Seagate Technology

A number of large investors have recently added to or reduced their stakes in the stock. Vision Financial Markets LLC bought a new position in Seagate Technology in the second quarter worth approximately $173,000. Nordea Investment Management AB increased its stake in shares of Seagate Technology by 18.0% in the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider's stock worth $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd increased its stake in shares of Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider's stock worth $2,704,000 after purchasing an additional 12,178 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in Seagate Technology in the 1st quarter worth $272,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Seagate Technology by 21.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider's stock valued at $8,886,000 after purchasing an additional 10,847 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling

In other news, Director Jay L. Geldmacher sold 1,250 shares of Seagate Technology stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the completion of the sale, the director directly owned 1,148 shares in the company, valued at $308,926.80. The trade was a 52.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gianluca Romano sold 54,021 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the transaction, the chief financial officer directly owned 56,293 shares of the company's stock, valued at $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 131,261 shares of company stock worth $34,210,708 in the last three months. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.2%. This is a boost from Seagate Technology's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology's payout ratio is 38.00%.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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