Seagate Tech (NASDAQ:STX) stock price target increased to $36.00, issued a ratings update earlier today by Maxim Group
- Updated: October 11, 2016
Having a price of $35.10, Seagate Tech (NASDAQ:STX) traded -5.81% lower on the day. With the last close up 23.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STX has recorded a 50-day average of $35.86 and a two hundred day average of $28.94. Volume of trade was up over the average, with 6,072,230 shares of STX changing hands over the typical 5,130,260
Indicating a possible upside of 0.03%, Maxim Group bumped up the target of Seagate Tech (NASDAQ:STX) to $36.00
On 10/11/2016, Cowen released a statement on Seagate Tech (NASDAQ:STX) upped the target price from $32.00 to $36.00 that suggested a downside of -0.05%.
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Seagate Tech has a 52 week low of $18.42 and a 52 week high of $49.43 with a price-earnings ratio of 43.62 STX’s total market value is presently $0.
A total of 25 brokerages have issued a ratings update on the stock. Four analysts rating the company a strong buy, four equity analysts rating the company a buy, twenty brokerages rating the company a hold, three brokers rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $27.84.
General Information About 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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