A report released today by Benchmark about Seagate Tech (NASDAQ:STX) ups the target price to $45.00
- Updated: October 11, 2016
Having a price of $37.97, Seagate Tech (NASDAQ:STX) traded -5.81% lower on the day. The last stock price is up 23.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Seagate Tech has recorded a 50-day average of $35.86 and a two hundred day average of $28.94. Trade Volume was up over the average, with 6,072,230 shares of STX changing hands over the typical 5,130,260
Benchmark increased the stock price target of Seagate Tech (NASDAQ:STX) to $45.00 stating a potential upside of 0.19%.
On 10/07/2016, BTIG Research reported on Seagate Tech (NASDAQ:STX) upped the target price from $36.00 to $45.00 that suggested an upside of 0.18%.
Seagate Tech has a 52 week low of $18.42 and a 52 week high of $49.43 with a P/E ratio of 43.62 Seagate Tech’s market capitalization is presently $0.
A total of 25 brokers have issued a report on STX. 4 firms rating the stock a strong buy, four analysts rating the company a buy, 20 brokers rating the company a hold, three firms rating the stock a underperform, and finally 1 broker rating the stock a sell with a average target of $27.84.
General Company Details For Seagate Tech (NASDAQ:STX)
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.
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