Needham reported on Seagate Tech (NASDAQ:STX), stepping up its target to $43.00 earlier today
- Updated: October 11, 2016
Only yesterday Seagate Tech (NASDAQ:STX) traded -5.81% lower at $35.10. The company’s 50-day moving average is $35.86 and its 200-day moving average is $28.94. 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 same period. Volume of trade was up over the average, with 6,072,230 shares of STX changing hands over the typical 5,130,260
Stating a potential upside of 0.23%, Needham increased the target of Seagate Tech (NASDAQ:STX) to $43.00
Previously on 10/11/2016, Cowen reported about Seagate Tech (NASDAQ:STX) raised the target price from $32.00 to $36.00. At the time, this indicated a possible downside of -0.05%.
With a total market value of $0, Seagate Tech has price-earnings ratio of 43.62 with a one year low of $18.42 and a one year high of $49.43 .
A total of 25 equity analysts have released a research note on STX. Four equity analysts rating the company a strong buy, four equity analysts rating the company a buy, twenty equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $27.84.
Brief Synopsis On 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.