Bank of America raises target for Seagate Technology stock to USD 1,200

Published on 10/22/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America lifted its target to USD 1,200 from USD 1,150 on October 21, 2026. Seagate Technology stock was EUR 598.00 at Lang & Schwarz on October 22, 2026.

Analyst targets and earnings dates

Bank of America lifted its Seagate target to USD 1,200 from USD 1,150 on October 21, 2026.
Seagate reported USD 3.63 billion in fiscal fourth-quarter 2026 revenue, up 48.5 percent year over year.
Seagate Technology stock traded at EUR 598.00 at 12:08 p.m. CEST at Lang & Schwarz on October 22, 2026.
Fiscal first-quarter 2027 results are scheduled for October 27, 2026.

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Seagate Technology (ISIN IE00BKVD2N49) became the subject of a fresh analyst upgrade after Bank of America raised its price target to USD 1,200 from USD 1,150 on October 21, 2026, while maintaining a Buy rating, according to MarketBeat. The move puts the storage company ahead of its October earnings release.

Bank of America lifts target

Bank of America based its higher target on demand for hard disk drives and an expectation that Seagate will report fiscal first-quarter 2027 revenue near the top of management guidance. The bank forecast USD 4.20 billion in revenue and earnings per share of USD 7.60 for the September quarter, versus company guidance of USD 4.00 billion to USD 4.20 billion in revenue and USD 7.10 to USD 7.50 in earnings per share, as reported by Yahoo Finance.

The latest completed quarter also provides a stronger operating base. Seagate reported USD 3.63 billion in fiscal fourth-quarter 2026 revenue on July 28, 2026, up 48.5 percent from the prior-year quarter, while earnings per share reached USD 5.71 against a USD 5.10 consensus estimate, according to MarketBeat. The comparison shows why analysts are emphasizing pricing and data-center demand rather than only the next quarter.

What does demand mean for earnings?

Morgan Stanley raised its 12-month target to USD 1,200 from USD 1,187 on October 20, 2026, and kept an Overweight rating, according to CNBC. The two target increases point to a common view that stronger hard-drive pricing can support revenue and margins, although Seagate still faces execution risk as it expands newer storage technology.

Three events shape the setup

On July 28, 2026, Seagate reported fiscal fourth-quarter revenue of USD 3.63 billion. On October 20, 2026, Morgan Stanley moved its target from USD 1,187 to USD 1,200. On October 21, 2026, Bank of America lifted its target from USD 1,150 to USD 1,200.

Next earnings dates are set

Seagate is scheduled to report fiscal first-quarter 2027 financial results on October 27, 2026, according to the company's press-release calendar. The earnings conference call is listed for October 28, 2026, according to Moomoo.

Stock quote for German investors

For German investors, the key distinction is between the analyst targets in USD and the euro quotation used for the local market view. Seagate Technology stock was trading at EUR 598.00 at Lang & Schwarz on October 22, 2026 at 12:08 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Seagate Technology stock.