Brokerage Firm Rating Update on Seagate Technology. (STX)

Seagate Technology. (STX) : The consensus on Seagate Technology. (STX) based on 21 analyst recommendation on the company stock is 2.86, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Seagate Technology. (STX).

Seagate Technology. (STX) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $27. The average forecast of all the analysts is $33.31 and the expected standard deviation is $5.03.


Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains its rating on Seagate Technology. (NASDAQ:STX). The global brokerage major raises the current price target from $34 per share to $36 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 16, 2016.

Seagate Technology. (NASDAQ:STX): The stock opened at $35.56 and touched an intraday high of $36.65 on Wednesday. During the day, the stock corrected to an intraday low of $35.28, however, the bulls stepped in and pushed the price higher to close in the green at $36.51 with a gain of 5.92% for the day. The total traded volume for the day was 9,483,771. The stock had closed at $34.47 in the previous trading session.

Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Companys products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Companys products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Companys product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.

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