Seagate Technology Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Seagate Technology stock have an average target of 117.56, with a low estimate of 65 and a high estimate of 150. The average target predicts an increase of 18.01% from the current stock price of 99.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$65	$117.56	$125	$150
Change	-34.75%	+18.01%	+25.48%	+50.57%

* Price targets were last updated on Oct 23, 2024.

Analyst Ratings

The average analyst rating for Seagate Technology stock from 19 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	5	6	6	6	6	6
Buy	4	5	5	5	5	5
Hold	7	7	7	7	6	6
Sell	2	2	2	2	2	2
Strong Sell	1	1	1	1	0	0
Total	19	21	21	21	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Miller Benchmark	Benchmark	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Oct 23, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Hold Reiterates $125	Hold	Reiterates	$125	+25.48%	Oct 23, 2024
Matt Bryson Wedbush	Wedbush	Buy Reiterates $150	Buy	Reiterates	$150	+50.57%	Oct 23, 2024
Gus Richard Northland Capital Markets	Northland Capital Markets	Buy Maintains $142 → $144	Buy	Maintains	$142 → $144	+44.55%	Oct 23, 2024
Asiya Merchant Citigroup	Citigroup	Strong Buy Maintains $125 → $130	Strong Buy	Maintains	$125 → $130	+30.50%	Oct 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.34B

from 6.55B

42.59%

from 6.55B

Revenue Next Year

10.56B

from 9.34B

13.04%

from 9.34B

EPS This Year

7.59

from 1.58

380.59%

from 1.58

EPS Next Year

9.80

from 7.59

29.07%

from 7.59

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jul 3, 2020	Jul 2, 2021	Jul 1, 2022	Jun 30, 2023	Jun 28, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	10.51B	10.68B	11.66B	7.38B	6.55B	9.34B	10.56B	10.48B
Revenue Growth	1.15%	1.64%	9.18%	-36.68%	-11.28%	42.59%	13.04%	-0.76%
EPS	3.79	5.36	7.36	-2.56	1.58	7.59	9.80	9.86
EPS Growth	-46.32%	41.42%	37.31%	-	-	380.59%	29.07%	0.56%
Forward PE	-	-	-	-	-	13.12	10.16	10.11
No. Analysts	-	-	-	-	-	26	25	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	10.1B	12.6B	12.5B
Avg	9.3B	10.6B	10.5B
Low	8.6B	8.6B	8.3B

Revenue Growth

Revenue Growth	2025	2026	2027
High	53.4%	35.4%	18.3%
Avg	42.6%	13.0%	-0.8%
Low	30.9%	-7.9%	-21.3%

EPS Forecast

EPS	2025	2026	2027
High	9.05	15.13	13.56
Avg	7.59	9.80	9.86
Low	6.57	7.52	7.29

EPS Growth

EPS Growth	2025	2026	2027
High	472.8%	99.3%	38.3%
Avg	380.6%	29.1%	0.6%
Low	315.9%	-1.0%	-25.6%

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.