B of A Securities Raises STX Price Target to $1,200

On October 21, 2026, B of A Securities reaffirmed its Buy rating on Seagate Technology Holdings plc (NasdaqGS: STX) while raising its price target from $1,150.00 to $1,200.00. The research note provides a fresh look at the data storage provider's market position as shares hover well above their 52-week low. B of A Securities joins a crowded field of Wall Street firms tracking the hardware maker ahead of its upcoming financial disclosures.

STX Seagate Technology Holdings plc

$696.89 ▲ +143.15% year to date

1M 3M YTD

Daily close · Oct 21, 2026

B of A Securities' Call on Seagate Technology Holdings plc

In its research note published on October 21, 2026, B of A Securities maintained its Buy rating on Seagate Technology Holdings plc and nudged its price target up by $50.00 to $1,200.00. This upward revision follows similar optimism from Morgan Stanley, which lifted its target on the stock to $1,200.00 on October 20, 2026. The analyst community remains largely supportive of the company's trajectory in computer hardware.

Other Institutional Activity in Seagate Technology Holdings plc

WCM Investment Management, LLC grew its holdings by 973,679 shares, ending with 5,320,463 shares worth about $3,709,639,570.00.

Seagate Technology Holdings plc Stock Up 6.2%

Seagate Technology Holdings plc recently traded around $675.26 as of October 21, 2026, sitting down about 41.0% from its 52-week high of $1,145.00 while remaining well above its 52-week low of $209.00. The shares closed at $675.13 on October 20, 2026.

Recent Earnings

Seagate Technology Holdings plc reported trailing-twelve-month revenue of $12,195,000,320.00 alongside trailing earnings of $13.90 per share. The company is scheduled to release its next round of earnings on October 27, 2026.

Dividend

Seagate Technology Holdings plc pays an annual dividend rate of $2.96 per share, which translates to a dividend yield of 0.45% based on recent pricing. The payout ratio sits at 21.1%, indicating that a modest portion of earnings goes directly back to shareholders via dividends.

Insider Buying and Selling at Seagate Technology Holdings plc

Insiders executed multiple sales during September 2026. Chief Executive Officer William D Mosley sold 97,889 shares on September 15, 2026, for a total value of $75,584,519.00 at an average price of $772.14. Chief Financial Officer Gianluca Romano sold 49,983 shares on the same day valued at $38,595,124.00. Chief Technology Officer John Christopher Morris sold 15,465 shares on September 15, 2026, worth $11,941,704.00, and followed up with another sale of 9,354 shares on September 21, 2026, valued at $8,211,951.00.

Analysts Set New Price Targets

Argus Research maintained a Buy rating with a target of $900.00 on July 30, 2026, up from $750.00. Barclays kept an Overweight rating on July 30, 2026, raising its target from $1,000.00 to $1,250.00. Wells Fargo maintained an Overweight rating on October 16, 2026, lowering its target to $865.00 from $1,180.00. Morgan Stanley maintained an Overweight rating on October 20, 2026, lifting its target to $1,200.00 from $1,187.00. Overall, the stock carries a consensus recommendation key of strong_buy across 24 analyst opinions.

About Seagate Technology Holdings plc

Seagate Technology Holdings plc designs and manufactures data storage solutions, including hard disk drives, solid-state drives, and enterprise systems, serving clients globally from its headquarters in Singapore. The company plays a critical role in managing enterprise and cloud storage needs.

Bottom Line

Investors will look toward the upcoming earnings release on October 27, 2026, for further insight into Seagate Technology Holdings plc's financial health. B of A Securities' revised target adds to the ongoing dialogue among market analysts regarding the stock's valuation.