Seagate (STX) Stock: Wall Street Raises Targets to $1,400 After Blowout Quarter

TLDR

• STX jumped 6.3% after reporting quarterly revenue of $3.63 billion, up 48.5% year over year, with EPS of $5.71 beating estimates of $5.10
• Seagate guided Q1 2027 EPS to $7.10-$7.50, well above what analysts had expected
• Multiple analysts raised price targets, with Rosenblatt setting the highest at $1,400 and Barclays lifting its target to $1,250
• Institutional investors own 92.87% of STX, with several firms adding to positions in Q2
• Insiders sold around 191,765 shares worth roughly $161.9 million over the past 90 days, all through pre-arranged 10b5-1 plans

Seagate Technology (STX) stock climbed 6.3% on Friday, opening at $849.28, as investors responded to a strong earnings report and an upbeat outlook tied to rising demand for AI storage infrastructure.

Seagate Technology Holdings plc, STX

The company posted quarterly revenue of $3.63 billion, up 48.5% from the same period last year and ahead of the $3.50 billion analyst estimate. EPS came in at $5.71, topping the consensus of $5.10 by $0.61.

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