Rosenblatt Cuts Seagate Technology (STX) Price Target to $1,100
Key Points
- Rosenblatt maintains a Buy rating on Seagate Technology despite lowering its price target to $1,100.
- Rosenblatt's $1,100 price target implies 64.71% upside from Seagate Technology Holdings plc's ($STX) current $667.85 share price.
- As of October 27, 2026, Seagate shares recently traded at $667.85, significantly below the new target price.
- The stock is currently below its 50-day moving average by 18.2% and remains well below its 52-week high of $1,145.
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On October 27, 2026, Rosenblatt lowered its price target for Seagate Technology Holdings plc (STX) to $1,100 from $1,400 while maintaining a Buy rating. This change comes as the stock trades at $667.85, roughly equal to its closing price on the same day.
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Seagate Technology Holdings plc
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Hypothetical returns from Rosenblatt's disclosed trades, not real profit or advice. How we model this.
Rosenblatt's Call on Seagate Technology
Rosenblatt's adjustment reflects a significant reduction in its target, moving it down by $300. The firm continues to hold a positive outlook on the company, suggesting that it believes in Seagate's long-term potential despite the lower price target.
Other Institutional Activity in Seagate Technology
WCM Investment Management, LLC grew its holdings by 973,679 shares, ending with 5,320,463 shares worth about $3.55 billion. This increase represents a 22.4% rise in their position, indicating ongoing interest in Seagate despite the recent price adjustments.
Seagate Technology Holdings plc Stock Up 3.7%
As of October 27, 2026, Seagate shares recently traded at $667.85, which is below the new price target of $1,100. The stock is also below its 50-day moving average by 18.2% and is significantly under its 52-week high of $1,145, highlighting a challenging market environment for the company.
$STX price target
Seagate Technology Holdings plc daily closes and this analyst's $1,100 target. Not advice.
Recent Earnings
Seagate reported trailing twelve-month revenue of approximately $12.2 billion, with a net margin of 26.1%. The company's strong revenue growth of 48.5% year-over-year reflects its solid position in the data storage market. The next earnings report is expected on November 3, 2026, which could provide further insights into the company's performance.
Insider Buying and Selling at Seagate Technology Holdings plc
Several insiders sold shares of Seagate recently. On September 15, 2026, Chief Technology Officer John Christopher Morris sold 15,465 shares at an average price of $772.15, totaling about $11.94 million. CEO William D. Mosley also sold 97,889 shares on the same day, valued at approximately $75.58 million. Additionally, on October 23, 2026, EVP & CLO James Ci Lee sold 547.25 shares for $642.14, amounting to about $351,411.11.
Analysts Set New Price Targets
On October 27, 2026, Rosenblatt maintained its Buy rating on Seagate Technology while lowering its price target to $1,100 from $1,400. Other firms have also recently adjusted their targets; Wells Fargo maintained an Overweight rating with a target of $865, while Morgan Stanley and B of A Securities both maintained Overweight ratings with targets of $1,200 and $1,200, respectively. The consensus target among analysts is approximately $1,091.58, with 24 opinions contributing to this figure.
About Seagate Technology
Seagate Technology Holdings plc, headquartered in Singapore, provides data storage solutions worldwide. The company offers a wide range of products, including internal and external hard drives, solid-state drives, and data storage systems, catering to both consumer and enterprise needs.
Bottom Line
Investors should keep an eye on Seagate's upcoming earnings report on November 3, 2026, which may shed light on the company's performance amid these recent target adjustments. Rosenblatt's reduced price target highlights the ongoing challenges in the market, but the firm still maintains a positive outlook on Seagate's long-term potential.
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Source: Rosenblatt's rating change on $STX (Oct 27, 2026). Written by software, not financial advice. How we make alerts