Seagate Technology. (STX) : Analyst Rating Update

Seagate Technology. (STX) : 23 analysts are covering Seagate Technology. (STX) and their average rating on the stock is 3.04, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Seagate Technology. (STX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Seagate Technology. (STX) : 18 Wall Street analysts covering Seagate Technology. (STX) believe that the average level the stock could reach for the short term is $26.39. The maximum price target given is $45 and the minimum target for short term is around $15, hence the standard deviation is calculated at $7.37.

Seagate Technology. (NASDAQ:STX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.35 and $22.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.52, notching a gain of 1.55% for the day. The total traded volume was 6,386,761 . The stock had closed at $23.16 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Seagate Technology. (NASDAQ:STX). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $26 per share from a prior target of $25. The rating by the firm was issued on June 2, 2016. The company shares have dropped -50.09% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $52.88 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $22.71 and the 200 Day Moving Average price is recorded at $28.56.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.