Analyst Rating Update on Seagate Technology. (STX)

Seagate Technology. (STX) : 3 brokerage houses believe that Seagate Technology. (STX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Seagate Technology. (STX). Zacks Investment Research suggests a Buy with a rank of 2. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 22 Wall Street Analysts endorse the stock as a Hold with a rating of 2.95.

Seagate Technology. (STX) : The highest short term price target forecast on Seagate Technology. (STX) is $45 and the lowest target price is $15. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $28.67 with a standard deviation of $6.32.

Company shares have received an average consensus rating of Hold for the current week Also, Citigroup upgrades their rating on the shares of Seagate Technology. (NASDAQ:STX). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm raises the price target to $29 per share from $18 per share. The rating by the firm was issued on July 19, 2016.


Seagate Technology. (NASDAQ:STX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.64 and $30.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.73, notching a gain of 0.26% for the day. The total traded volume was 6,056,026 . The stock had closed at $30.65 on the previous day.

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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