Seagate Technology. (STX) Receives ‘Analyst’ Rating

Seagate Technology. (STX) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 20 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 14 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Seagate Technology. (STX) : The most positive equity analysts on Seagate Technology. (STX) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $34.13 with an expected fluctuation of $5.91 from the mean.


Also, Equity Analysts at the Jefferies maintains the rating on Seagate Technology. (NASDAQ:STX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $32 per share to $38 per share. The rating by the firm was issued on September 6, 2016.

Seagate Technology. (NASDAQ:STX): After opening at $36.13, the stock dipped to an intraday low of $36.03 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.64 and the buying power remained strong till the end. The stock closed at $36.45 for the day, a gain of 1.05% for the day session. The total traded volume was 4,246,882. The stocks close on the previous trading day was $36.07.

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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