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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InReflecting 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.