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Seagate Tech (NASDAQ:STX) target price raised to $40.00, reported today by RBC Capital

Seagate Tech (NASDAQ:STX) had its target price raised to $40.00 by RBC Capital in a report released 10/03/2016. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Previously on Tuesday September 27, 2016, Vetr Inc. reported about Seagate Tech (NASDAQ:STX) raised the target price from $0.00 to $38.84. At the time, this indicated a possible upside of 0.04%.

Yesterday Seagate Tech (NASDAQ:STX) traded 2.01% higher at $38.55. The company’s 50-day moving average is $34.81 and its 200-day moving average is $28.91. The last stock close price is up 33.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,839,954 shares of the stock were exchanged, down from an average trading volume of 5,320,890

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Seagate Tech (NASDAQ:STX)

Seagate Tech has a 52 week low of $18.42 and a 52 week high of $49.50 with a P/E ratio of 47.01 The company’s market cap is currently $0.

In addition to RBC Capital reporting its target price, a total of 25 firms have reported on the stock. The consensus target price is $27.84 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, 20 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

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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