Seagate Technology (NASDAQ: STX) has seen its price target significantly increased to $500.00 by Rosenblatt Securities in a report released on January 20, 2026. This adjustment follows a strong performance by the data storage company, which is currently rated as a “buy” by Rosenblatt. The firm is recognized for its innovation in storage solutions, catering to both enterprise and consumer markets.
Several other financial analysts have recently revised their projections for Seagate. UBS Group raised its price target from $230.00 to $335.00, maintaining a “neutral” rating. Meanwhile, The Goldman Sachs Group increased its target from $280.00 to $310.00, also assigning a “buy” rating. Loop Capital has set its price target at $465.00, while Mizuho adjusted theirs to $400.00 with an “outperform” rating.
Market sentiment surrounding Seagate is currently positive, with two analysts issuing a “Strong Buy” rating, seventeen awarding a “Buy” rating, and five giving a “Hold” rating. According to data from MarketBeat, the average rating for Seagate stock is categorized as a “Moderate Buy,” with a consensus target price of $392.35.
Stock Performance and Financial Highlights
As of January 20, 2026, Seagate’s stock opened at $442.93. The company boasts a market capitalization of $94.59 billion, with a price-to-earnings (P/E) ratio of 56.86. Over the past year, the stock has fluctuated between a low of $63.19 and a high of $449.50. The 50-day moving average stands at $297.13, while the 200-day average is $235.15.
In its most recent quarterly earnings report announced on January 27, 2026, Seagate recorded earnings per share (EPS) of $3.11, surpassing analysts’ expectations of $2.77 by $0.34. The company reported revenue of $2.83 billion, exceeding the consensus estimate of $2.73 billion. Furthermore, Seagate’s quarterly revenue reflects a year-over-year increase of 21.5%, showcasing strong growth in a competitive market.
Dividend Announcement and Insider Activity
In addition to its financial performance, Seagate recently declared a quarterly dividend of $0.74 per share, which is set to be paid on April 8, 2026. Shareholders of record as of March 25, 2026, will be eligible for this dividend, representing an annualized yield of 0.7%.
Insider trading activity has also attracted attention. On December 2, 2025, Director Yolanda Lee Conyers sold 750 shares at an average price of $272.91, totaling $204,682.50. Following this transaction, she retained 5,601 shares valued at approximately $1.53 million. Additionally, CEO William D. Mosley sold 20,000 shares on January 2, 2026, at an average price of $285.56, resulting in a total transaction value of $5.71 million.
In the past three months, insiders have sold a total of 125,479 shares worth $34.92 million. Currently, company insiders possess 0.79% of the stock.
Institutional investors have also been active in Seagate, with several hedge funds adjusting their positions. Diversified Enterprises LLC acquired a new stake valued at approximately $227,000 during the fourth quarter of 2025. Turtle Creek Wealth Advisors LLC increased its holdings by 19.0%, now owning 1,257 shares. Notably, Teacher Retirement System of Texas expanded its stake by 293.8%, acquiring an additional 101,266 shares.
As of now, institutional investors control 92.87% of Seagate Technology’s stock, highlighting strong institutional interest in the company.
Overall, Seagate Technology’s recent financial performance and analyst upgrades have generated considerable market enthusiasm. The company’s focus on innovative storage solutions, particularly in the realm of artificial intelligence, positions it favorably for continued growth in the evolving data storage landscape.
