Analysts Hike Seagate Price Targets Following Record Q4 Earnings Beat

Key Facts

Reflecting growing optimism in the data storage sector, analysts have revised their price targets upward for Seagate Technology Holdings following a robust financial performance. The company reported Q4 revenue of $3.63 billion, surpassing the $3.49 billion consensus, while earnings per share reached $5.71, beating the $5.09 estimate. According to reports, this growth was underpinned by record free cash flow of $3.1 billion and strong margins throughout the fiscal year.

Financial institutions reacted positively to the results, with Wells Fargo raising its price target from $1,100 to $1,180 while maintaining an Overweight rating. Citigroup increased its target to $1,300, and Rosenblatt set a higher target of $1,400 with a Buy recommendation. These upward revisions, per market data, highlight analyst confidence in the company's trajectory after delivering a 34% increase in annual revenue.

Shares of STX stood at $747.3 at close on July 28, 2026, having traded between a day low of $698.99 and a high of $777.1. Investors are now looking toward the company's Q1 revenue guidance of $4.1 billion. On the economic calendar, market participants should watch for Germany's Consumer Confidence data on July 24, which may influence broader tech sector sentiment.