Susquehanna upgraded Seagate Tech from Negative to Neutral and set a new price target of $280.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/6/2026 | $468.00 → $582.00 | Overweight | Morgan Stanley |
| 3/30/2026 | $525.00 | Overweight | Analyst |
| 1/28/2026 | $340.00 → $500.00 | Buy | TD Cowen |
| 1/21/2026 | $380.00 | Neutral → Outperform | BNP Paribas Exane |
| 1/16/2026 | $280.00 | Negative → Neutral | Susquehanna |
| 12/5/2025 | $325.00 | Buy | China Renaissance |
| 11/11/2025 | $270.00 → $340.00 | Buy | TD Cowen |
| 10/29/2025 | $200.00 → $240.00 | Equal Weight | Barclays |
Wasabi Technologies, the hot cloud storage company, today announced it has acquired the Lyve Cloud business from Seagate Technology (NASDAQ:STX), a leading innovator of mass-capacity data storage. Under the terms of the agreement, Seagate received equity in Wasabi and became a shareholder of the company. Additional financial terms were not disclosed. "This acquisition strengthens our position as the world's leading pure-play cloud storage vendor," said David Friend, co-founder and CEO of Wasabi Technologies. "Seagate has built a loyal enterprise customer base for Lyve Cloud storage, and we welcome those customers to Wasabi. We are focused on supporting their growth with our global network
Wasabi Technologies, the hot cloud storage company, today announced it will acquire the Lyve Cloud business from Seagate Technology LLC (NASDAQ:STX), a leading innovator of mass-capacity data storage. Under the terms of the agreement, Seagate will receive equity in Wasabi and become a shareholder of the company. Additional financial terms were not disclosed. "This acquisition strengthens our position as the world's leading pure-play cloud storage vendor," said David Friend, co-founder and CEO of Wasabi Technologies. "Seagate has built a loyal enterprise customer base for Lyve Cloud storage, and we welcome those customers to Wasabi. We are focused on supporting their growth with our global
Industry's only HAMR-based platform supports economic viability of AI-scale data growth As technology innovation accelerates both data creation and value, the need for scalable, efficient, high-performance storage solutions has never been greater. Today, Seagate Technology (NASDAQ:STX) announced its next-generation Mozaic™ 4+ platform, the industry's only heat-assisted magnetic recording (HAMR)–based storage platform deployed at-scale, is now qualified and in production with two leading hyperscale cloud providers. Supporting capacities up to 44TB, these qualifications reflect production-scale deployments in hyperscale environments. With additional customer qualifications under way, Seag
Morgan Stanley reiterated coverage of Seagate Tech with a rating of Overweight and set a new price target of $582.00 from $468.00 previously
Analyst initiated coverage of Seagate Tech with a rating of Overweight and set a new price target of $525.00
TD Cowen reiterated coverage of Seagate Tech with a rating of Buy and set a new price target of $500.00 from $340.00 previously
SCHEDULE 13G/A - Seagate Technology Holdings plc (0001137789) (Subject)
8-K - Seagate Technology Holdings plc (0001137789) (Filer)
8-K - Seagate Technology Holdings plc (0001137789) (Filer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, announced today that Thomas (Tom) Szlosek has been appointed to the company's Board of Directors, and to serve on the Audit and Finance Committee of the Board, effective August 23, 2025. "I am excited to welcome Tom to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Tom's deep financial expertise and broad operational experience across multiple Fortune 500 companies spanning a diverse set of industries make him a strong addition to our Board." Mr. Szlosek brings over 30 years of global financial leadership experience across the technology
Chief Executive Officer Dave Mosley elected to become Board Chair Michael R. Cannon to become Lead Independent Director Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, announced today that Chief Executive Officer Dave Mosley has been unanimously elected by the Board of Directors to the additional role of Board Chair, effective following the conclusion of Seagate's 2025 Annual General Meeting of Shareholders, which is expected to be held in October 2025. He will succeed Michael R. Cannon, who will remain a director and assume the additional role of Lead Independent Director. "Since becoming CEO in 2017, Da
Jim Lee to head the company's legal team Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, announced today the appointment of Jim Lee as senior vice president, chief legal officer, and corporate secretary. Mr. Lee spent the past 5 years serving as senior vice president, general counsel, and corporate secretary at Maxar Technologies, a global leader in space technology and geospatial intelligence. During his tenure, he significantly strengthened the legal and compliance functions, established a successful litigation track-record, and played a pivotal role in multiple complex transactions. Prior to Maxar, Mr. Lee spent nearly 15 years at Aram
Wasabi Technologies, the hot cloud storage company, today announced it has acquired the Lyve Cloud business from Seagate Technology (NASDAQ:STX), a leading innovator of mass-capacity data storage. Under the terms of the agreement, Seagate received equity in Wasabi and became a shareholder of the company. Additional financial terms were not disclosed. "This acquisition strengthens our position as the world's leading pure-play cloud storage vendor," said David Friend, co-founder and CEO of Wasabi Technologies. "Seagate has built a loyal enterprise customer base for Lyve Cloud storage, and we welcome those customers to Wasabi. We are focused on supporting their growth with our global network
Fiscal Q2 2026 Highlights Revenue of $2.83 billion GAAP gross margin of 41.6%; non-GAAP gross margin of 42.2% GAAP diluted earnings per share (EPS) of $2.60; non-GAAP diluted EPS of $3.11 Cash flow from operations of $723 million and free cash flow of $607 million Declared cash dividend of $0.74 per share Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal second quarter ended January 2, 2026. "Seagate's December quarter results exceeded our expectations on both the top and bottom line, setting new records for gross margin, operating margin, and non-G
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fiscal second quarter 2026 financial results after the US market closes on Tuesday, January 27, 2026. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over
SC 13G/A - Seagate Technology Holdings plc (0001137789) (Subject)
SC 13G/A - Seagate Technology Holdings plc (0001137789) (Subject)
SC 13G/A - Seagate Technology Holdings plc (0001137789) (Subject)