Seagate Technology Holdings PLC's stock fell by 5.01% during regular trading, crossing below the 5-day SMA. This decline occurred despite the Nasdaq-100 and S&P 500 showing gains of 0.31% and 0.44%, respectively, indicating a potential sector rotation.
The recent downgrade to a Zacks Rank #3 (Hold) reflects a shift in analyst sentiment, as earnings estimates have been revised downwards. Analysts are now cautious about Seagate's growth potential, especially in light of increasing competition in the HDD market and potential supply chain challenges. This change in outlook has contributed to the stock's downward movement, despite the overall market's positive performance.
Investors may need to reassess their positions in Seagate as the company navigates these challenges. The stock's recent performance suggests that it may struggle to maintain momentum in the face of heightened competition and changing market dynamics.
Wall Street analysts forecast STX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for STX is 293.61 USD with a low forecast of 150.00 USD and a high forecast of 465.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast STX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for STX is 293.61 USD with a low forecast of 150.00 USD and a high forecast of 465.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Buy
3 Hold
1 Sell
Moderate Buy
Current: 320.320
Low
150.00
Averages
293.61
High
465.00
Current: 320.320
Low
150.00
Averages
293.61
High
465.00
Goldman Sachs
Buy
maintain
$280 -> $310
Al Analysis
2026-01-09
Reason
Goldman Sachs
Price Target
$280 -> $310
Al Analysis
2026-01-09
maintain
Buy
Reason
Goldman Sachs raised the firm's price target on Seagate to $310 from $280 and keeps a Buy rating on the shares. Expectations remain high heading into the print as pricing forecasts continue to stay bullish for 2026, the analyst tells investors in a research note.
Mizuho
Outperform
upgrade
$290 -> $370
2026-01-09
Reason
Mizuho
Price Target
$290 -> $370
2026-01-09
upgrade
Outperform
Reason
Mizuho raised the firm's price target on Seagate to $370 from $290 and keeps an Outperform rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to "attractive valuations," but more modest than 2025. The analyst' top sectors in 2026 are AI accelerators and wafter fab equipment, Optical, and memory, while the firm remains cautious on electric vehicles, autos and analog as well as computers and handsets. Mizuho's top picks for 2026 are Nvidia, Lumentum and Broadcom.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for STX
Unlock Now
Morgan Stanley
Erik Woodring
Overweight
maintain
$270 -> $337
2025-12-17
Reason
Morgan Stanley
Erik Woodring
Price Target
$270 -> $337
2025-12-17
maintain
Overweight
Reason
Morgan Stanley analyst Erik Woodring raised the firm's price target on Seagate (STX) to $337 from $270 and keeps an Overweight rating on the shares. Among the IT Hardware group, the firm recommends being overweight cloud capex winners, product-cycle beneficiaries such as Apple, and unique assets, while it suggests being underweight stocks with elevated memory exposure - like Dell (DELL) and HP (HPQ) - and is "increasingly more cautious" on memory-exposed names as well, the analyst tells investors in a year-ahead note.
China Renaissance
NULL -> Buy
initiated
$325
2025-12-05
Reason
China Renaissance
Price Target
$325
2025-12-05
initiated
NULL -> Buy
Reason
China Renaissance initiated coverage of Seagate with a Buy rating and $325 price target.
About STX
Seagate Technology Holdings plc provides mass-data storage infrastructure solution. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
