Seagate Technology Holdings plc (STX)
NASDAQ: STX · IEX Real-Time Price · USD
92.58
-2.00 (-2.11%)
Mar 28, 2024, 12:35 PM EDT - Market open

Seagate Technology Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Seagate Technology stock have an average target of 82.06, with a low estimate of 33 and a high estimate of 115. The average target predicts a decrease of -11.36% from the current stock price of 92.58.

Analyst Consensus: Hold
Target Low Average Median High
Price $33 $82.06 $85 $115
Change -64.36% -11.36% -8.19% +24.22%

Analyst Ratings

The average analyst rating for Seagate Technology stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333333
Buy 333345
Hold 998987
Sell 111222
Strong Sell 111111
Total 171716181818

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Buy
Upgrades
$73$115
Buy Upgrades $73$115 +24.22% Mar 26, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Hold
Reiterates
$95
Hold Reiterates $95 +2.61% Mar 11, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Hold
Reiterates
$95
Hold Reiterates $95 +2.61% Mar 4, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Initiates
$110
Buy Initiates $110 +18.82% Feb 27, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$80$90
Hold Maintains $80$90 -2.79% Feb 1, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.57B
from 7.38B
Decreased by -11.06%
Revenue Next Year
8.74B
from 6.57B
Increased by 33.15%
EPS This Year
0.74
from -2.56
EPS Next Year
4.90
from 0.74
Increased by 564.59%
Year 2019202020212022202320242025202620272028
Revenue
10.39B10.51B10.68B11.66B7.38B6.57B8.74B9.48B9.22B9.58B
Revenue Growth
-7.10%1.15%1.64%9.18%-36.68%-11.06%33.15%8.38%-2.74%3.91%
EPS
7.063.795.367.36-2.560.744.906.807.437.66
EPS Growth
74.32%-46.32%41.42%37.31%--564.59%38.77%9.34%2.99%
No. Analysts -----26261222
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 7.1B 10.2B 10.6B 9.6B 10.0B
Avg 6.6B 8.7B 9.5B 9.2B 9.6B
Low 6.2B 7.1B 8.3B 8.9B 9.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
-4.5%
55.8%
21.3%
1.1%
8.0%
Avg
-11.1%
33.2%
8.4%
-2.7%
3.9%
Low
-15.5%
8.8%
-5.5%
-5.6%
0.8%

EPS Forecast

EPS 20242025202620272028
High 1.04 7.28 8.64 7.73 7.96
Avg 0.74 4.90 6.80 7.43 7.66
Low 0.54 3.25 5.17 7.21 7.43

EPS Growth

EPS Growth 20242025202620272028
High -
887.1%
76.4%
13.7%
7.1%
Avg -
564.6%
38.8%
9.3%
3.0%
Low -
341.4%
5.6%
6.1%
-0.1%
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.