Cantor Fitzgerald Reiterates Buy Rating on Seagate Technology
Cantor Fitzgerald continues its buy stance on Seagate Technology with a price target of $1,300, a 34.72% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating on Seagate Technology (STX) with a price target of $1,300 on June 29, 2026.
- Cantor Fitzgerald's $1,300 price target implies 34.72% upside from Seagate Technology Holdings plc's ($STX) current $965 share price.
- Shares of NasdaqGS:STX traded near $899.9 on Monday, with a market cap of approximately $203.6 billion.
- Analysts maintain a buy consensus with a mean target price of $898.09, based on 22 opinions.
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Cantor Fitzgerald has reiterated its buy rating on Seagate Technology Holdings plc (NasdaqGS:STX), setting a price target of $1,300. This reaffirmation came from analyst C.J. Muse on June 29, 2026. The move suggests continued confidence in Seagate's potential growth.
Cantor Fitzgerald vs. the S&P 500
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Other Institutional Activity in Seagate Technology
BlackRock, Inc. reduced its holdings in Seagate by 1,842,843 shares, leaving it with 14,274,083 shares valued at about $5.59 billion, marking an 11.4% decrease. Vanguard Capital Management LLC opened a new position with 14,155,673 shares, valued at approximately $5.55 billion. Sanders Capital, LLC cut its stake by 4,283,691 shares, holding 12,897,201 shares worth around $5.05 billion, a 24.9% decrease. State Street Corp trimmed its position slightly by 49,173 shares, ending with 9,321,632 shares valued at $3.66 billion.
Seagate Technology Holdings plc Stock Up 16.3%
Shares of Seagate Technology (NasdaqGS:STX) traded near $899.9 on Monday. The company has a market cap of approximately $203.6 billion and a P/E ratio of 85.46. Its forward P/E stands at 33.22, reflecting future earnings expectations. The stock's beta is 2.083, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $138.3 to a high of $1,145.0. The 50-day moving average is $810.40, while the 200-day moving average is $442.45.
$STX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Seagate Technology reported revenue of about $11 billion, with a revenue growth rate of 44.1%. The company's net margin is 21.6%, and its return on equity is 17.88%. Seagate's next earnings report is scheduled for July 28, 2026.
Dividend
Seagate Technology offers an annual dividend rate of $2.96, yielding 0.33%. The dividend payout ratio is 27.7%, indicating a conservative dividend strategy.
Insider Buying and Selling at Seagate Technology Holdings plc
On June 12, 2026, several insiders at Seagate Technology sold shares under planned transactions. EVP & Chief Commercial Officer Teh Ban Seng sold 989 shares at an average price of $880.19. EVP & CTO John Christopher Morris sold 1,364 shares, while EVP & CFO Gianluca Romano sold 903 shares. CEO William Mosley sold 1,768 shares. These transactions were part of planned sales and do not necessarily indicate a lack of confidence in the company.
Analysts Set New Price Targets
On June 29, 2026, Cantor Fitzgerald maintained its buy rating on Seagate Technology with a $1,300 price target. Morgan Stanley also kept a buy rating, setting a target of $1,035 on June 15. JP Morgan, Mizuho, and Citigroup all maintained buy ratings with targets of $920, $1,090, and $1,150, respectively. The consensus among analysts is a buy rating, with an average target price of $898.09 from 22 analysts.
About Seagate Technology
Seagate Technology Holdings plc is a global leader in data storage technology and infrastructure solutions, based in Singapore. The company offers a wide range of products, including enterprise nearline hard disk drives and solid-state drives, as well as external storage solutions under various brand names. Seagate also provides the Lyve edge-to-cloud platform, supporting both on-premise and cloud storage needs. Founded in 1978, it employs around 30,000 people and is led by CEO Dr. William David Mosley.
Bottom Line
Cantor Fitzgerald's reiterated buy rating and $1,300 price target reflect ongoing confidence in Seagate Technology's growth prospects. The company's robust market position and diverse product offerings make it a key player in the data storage industry. Investors often track such analyst ratings closely, although it's important to remember that these are projections and past filings may not reflect current positions.
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