Seagate Technology Holdings plc (STX)
NASDAQ: STX · IEX Real-Time Price · USD
95.27
-2.97 (-3.02%)
At close: May 17, 2024, 4:00 PM
95.35
+0.08 (0.08%)
Pre-market: May 20, 2024, 8:31 AM EDT
Seagate Technology Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Seagate Technology stock have an average target of 91.69, with a low estimate of 49 and a high estimate of 115. The average target predicts a decrease of -3.76% from the current stock price of 95.27.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Seagate Technology stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Buy | 3 | 3 | 4 | 5 | 3 | 4 |
| Hold | 8 | 9 | 8 | 7 | 8 | 7 |
| Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 16 | 18 | 18 | 18 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Initiates $110 | Strong Buy | Initiates | $110 | +15.46% | May 14, 2024 |
| Wedbush | Wedbush | Hold → Buy Upgrades $100 | Hold → Buy | Upgrades | $100 | +4.96% | May 1, 2024 |
| UBS | UBS | Hold Maintains $90 → $95 | Hold | Maintains | $90 → $95 | -0.28% | Apr 24, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 24, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $84 → $96 | Hold | Maintains | $84 → $96 | +0.77% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
6.56B
from 7.38B
Decreased by -11.16%
Revenue Next Year
8.76B
from 6.56B
Increased by 33.49%
EPS This Year
0.74
from -2.56
EPS Next Year
4.99
from 0.74
Increased by 571.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.0B | 10.2B | 10.6B | 10.5B | 11.0B |
| Avg | 6.6B | 8.8B | 9.5B | 10.1B | 10.5B |
| Low | 6.2B | 7.1B | 8.3B | 9.8B | 10.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -5.7% | 56.0% | 21.1% | 10.9% | 8.2% |
| Avg | -11.2% | 33.5% | 8.5% | 6.7% | 4.0% |
| Low | -15.5% | 8.9% | -5.7% | 3.5% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.03 | 7.28 | 8.64 | 8.59 | 8.91 |
| Avg | 0.74 | 4.99 | 7.07 | 8.26 | 8.57 |
| Low | 0.54 | 3.25 | 5.17 | 8.02 | 8.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 878.8% | 73.0% | 21.5% | 7.9% |
| Avg | - | 571.8% | 41.5% | 16.9% | 3.8% |
| Low | - | 337.7% | 3.6% | 13.4% | 0.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.