Morgan Stanley raises target for Seagate stock to USD 1,200

Published on 10/21/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted its target from USD 1,187 to USD 1,200 on October 21, 2026. Seagate stock costs EUR 618.00 on October 21, 2026 before October 27 results.

Analyst target and reporting date

Morgan Stanley raised its Seagate target from USD 1,187 to USD 1,200 on October 21, 2026.
Seagate reported USD 3.6 billion in June-quarter revenue, up 48 percent year over year.
Seagate stock trades at EUR 618.00 at 10:03 a.m. CEST at Lang & Schwarz on October 21, 2026.
Seagate is scheduled to report fiscal first-quarter results on October 27, 2026.

Geöffnete Festplatte mit sichtbaren Magnetplatten und Schreib-Lesekopf in Nahaufnahme — Seagate Technology (IE00B58PMW19): fotorealistische Nahaufnahme einer geöffneten Festplatte mit spiegelnden Magnetplatten und feinem Schreibkopf, Illustration mit AI erstellt.

Seagate Technology Holdings plc (IE00BKVD2N49) is trading at EUR 618.00 at Lang & Schwarz on October 21, 2026, while Morgan Stanley raised its price target from USD 1,187 to USD 1,200. The analyst firm kept its Overweight rating and named Seagate its top pick in information technology hardware, according to CoinAlert News on October 21, 2026.

Target rises before October results

The revised target came as Morgan Stanley argued that hard-drive fundamentals are strengthening. Its analysts forecast Seagate earnings about 12 percent above consensus for the September quarter, while the company is scheduled to report fiscal first-quarter results on October 27, 2026.

The latest reported quarter provides the operating foundation for that view. Seagate's June quarter revenue reached USD 3.6 billion, up 48 percent year over year, while non-GAAP gross margin was 52.7 percent and non-GAAP diluted earnings per share were USD 5.71, according to the Yahoo Finance transcript dated July 28, 2026.

What supports the higher target?

Data-center demand is the central operating signal. Seagate shipped 218 exabytes in the June quarter, with data-center products representing 89 percent of total shipments; data-center revenue rose 57 percent year over year to USD 2.9 billion, according to Yahoo Finance.

Three dated signals for Seagate

On July 28, 2026, Seagate reported June-quarter revenue of USD 3.6 billion and non-GAAP diluted earnings per share of USD 5.71, according to Yahoo Finance. On October 14, 2026, the company announced that fiscal first-quarter 2027 results would be released on October 27, 2026, as listed in Seagate's press resources. On October 21, 2026, Morgan Stanley raised its target to USD 1,200 from USD 1,187, according to CoinAlert News.

Dates investors can track

Seagate's next reporting date is October 27, 2026, for fiscal first-quarter 2027 results, according to Seagate.

Stock quote and company profile

The stock's euro quotation gives German investors a direct market reference, while the operating figures show why the analyst target is tied to execution rather than only to sector sentiment. Seagate's nearline storage products serve data-center customers, and its Mozaic technology roadmap is designed to increase capacity per drive.

Seagate stock was trading at EUR 618.00 at Lang & Schwarz on October 21, 2026 at 10:03 a.m. CEST.

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