Seagate Analysts Boost Their Forecasts After Better-Than-Expected Q4 Results

Benzinga Earnings

Jul 29

Seagate Technology Holdings Plc (NASDAQ:STX) on Tuesday posted better-than-expected fourth-quarter results.

Seagate reported quarterly earnings of $5.71 per share, which beat the Street estimate of $5.09 by 12.18%, according to Benzinga Pro data. Quarterly revenue came in at $3.63 billion, which beat the consensus estimate of $3.49 billion and was up from $2.44 billion in the same period last year.

"Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability and generated a record $3.1 billion in free cash flow," said CEO Dave Mosley.

Seagate expects first quarter revenue of $4.1 billion, plus or minus $100 million, and non-GAAP diluted EPS of $7.30, plus or minus 20 cents.

Seagate shares rose 2% to trade at $762.37 on Wednesday.

These analysts made changes to their price targets on Seagate following earnings announcement.

Citigroup analyst Asiya Merchant maintained the stock with a Buy and raised the price target from $1,240 to $1,300.
Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $1,300 to $1,400.
Wells Fargo analyst Aaron Rakers maintained the stock with an Overweight rating and boosted the price target from $1100 to $1180.

Considering buying STX stock? Here’s what analysts think:

Photo via Shutterstock

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Quarterly revenue came in at $3.63 billion, which beat the consensus estimate of $3.49 billion and was up from $2.44 billion in the same period last year.</p>\n<p>\"Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability and generated a record $3.1 billion in free cash flow,\" said CEO Dave Mosley.</p>\n<p>Seagate expects first quarter revenue of $4.1 billion, plus or minus $100 million, and non-GAAP diluted EPS of $7.30, plus or minus 20 cents.</p>\n<p>Seagate shares rose 2% to trade at $762.37 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Seagate following earnings announcement.</p>\n<ul>\n<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and raised the price target from $1,240 to $1,300.</li>\n<li>Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $1,300 to $1,400.</li>\n<li><a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> analyst Aaron Rakers maintained the stock with an Overweight rating and boosted the price target from $1100 to $1180.</li>\n</ul>\n<p><strong>Considering buying STX stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"297\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29115248/image-862-1024x297.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29115248/image-862-1024x297.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29115248/image-862-300x87.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29115248/image-862-768x223.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29115248/image-862.png 1191w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4170","symbol_name":"电脑硬件、储存设备及电脑周边","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/07/60767731/seagate-analysts-boost-their-forecasts-after-better-than-expected-q4-results","article_id":"2655894764","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655894764","pubTimestamp":1785340433,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Seagate Technology Holdings Plc (NASDAQ:STX) reported better-than-expected Q4 results with revenue of $3.63B and EPS of $5.71. 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Quarterly revenue came in at $3.63 billion, which beat the consensus estimate of $3.49 billion and was up from $2.44 billion in the same period last year.\n\"Seagate’s strong fourth quarter exceeded our expectations for revenue and non-GAAP EPS, capping a fiscal 2026 in which we grew annual revenue 34%, delivered record profitability and generated a record $3.1 billion in free cash flow,\" said CEO Dave Mosley.\nSeagate expects first quarter revenue of $4.1 billion, plus or minus $100 million, and non-GAAP diluted EPS of $7.30, plus or minus 20 cents.\nSeagate shares rose 2% to trade at $762.37 on Wednesday.\nThese analysts made changes to their price targets on Seagate following earnings announcement.\n\nCitigroup analyst Asiya Merchant maintained the stock with a Buy and raised the price target from $1,240 to $1,300.\nRosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $1,300 to $1,400.\nWells Fargo analyst Aaron Rakers maintained the stock with an Overweight rating and boosted the price target from $1100 to $1180.\n\nConsidering buying STX stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}