Price Target Update on Seagate Technology. (NASDAQ:STX)

Seagate Technology. (NASDAQ:STX) : Average target price received by Seagate Technology. (NASDAQ:STX) is $26.39 with an expected standard deviation of $7.37. The most aggressive target on the stock is $45, whereas the most downbeat target is $15. 18 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Jefferies maintains their rating on the shares of Seagate Technology. (NASDAQ:STX). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $26 per share from $25 per share. The rating by the firm was issued on June 2, 2016.

Seagate Technology. (NASDAQ:STX): stock turned positive on Thursday. Though the stock opened at $24.16, the bulls momentum made the stock top out at $24.68 level for the day. The stock recorded a low of $24.11 and closed the trading day at $24.48, in the green by 2.56%. The total traded volume for the day was 4,714,601. The stock had closed at $23.87 in the previous days trading.

The company shares have dropped -52.91% 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 $21.67 and the 200 Day Moving Average price is recorded at $29.33. On the companys insider trading activities,The officer (Chief Financial Officer & EVP) of Seagate Technology Plc, Morton David H Jr sold 8,038 shares at $23.79 on June 6, 2016. The Insider selling transaction had a total value worth of $191,224. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

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