Zacks Rating on Seagate Technology. (STX)

Seagate Technology. (STX) : Zacks Investment Research ranks Seagate Technology. (STX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 2.86, which indicates as a Hold.

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 $32.06 and the expected standard deviation is $4.48.


Seagate Technology plc has dropped 1.05% in the last five trading days, however, the shares have posted positive gains of 2.16% in the last 4 weeks. Seagate Technology plc is up 53.83% in the last 3-month period. Year-to-Date the stock performance stands at -7.73%. Seagate Technology. (NASDAQ:STX): stock turned positive on Tuesday. Though the stock opened at $32.18, the bulls momentum made the stock top out at $32.48 level for the day. The stock recorded a low of $31.97 and closed the trading day at $32.12, in the green by 0.78%. The total traded volume for the day was 2,565,773. The stock had closed at $31.87 in the previous days trading.

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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