Rosenblatt raised target for Seagate Technology stock to USD 1,400.00

Published on 10/13/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate Technology stock costs EUR 650.00 on October 13, 2026. Market capitalization stood at USD 168.9 billion on NASDAQ on October 12, 2026.

Rosenblatt Securities raised its Seagate Technology price target from USD 1,300.00 to USD 1,400.00 on July 29, 2026.
Fiscal fourth-quarter revenue reached USD 3.63 billion, up 48.50 percent year over year.
Seagate Technology stock was at EUR 650.00 at Lang & Schwarz on October 13, 2026.
The next major dates are the annual meeting on October 24, 2026, and estimated earnings on October 28, 2026.

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Rosenblatt Securities had raised its price target for Seagate Technology stock from USD 1,300.00 to USD 1,400.00 in a research report dated July 29, 2026, according to MarketBeat. Seagate Technology stock was trading at EUR 650.00 at Lang & Schwarz on October 13, 2026 at 10:02 a.m. CEST.

Three milestones shape the stock

On July 28, 2026, Seagate reported fiscal fourth-quarter revenue of USD 3.63 billion, up 48.50 percent year over year, while adjusted earnings per share reached USD 5.71 versus a USD 5.10 consensus estimate, according to MarketBeat. On September 15, 2026, Chief Executive Officer William Mosley sold 97,889 shares at an average price of USD 772.14, with the sale attributed to tax withholding on vested equity awards in the same report.

On October 5, 2026, Rosenblatt raised its target from USD 1,300.00 to USD 1,400.00 while retaining a Buy rating, according to MarketBeat. The target change gives the article's central event a concrete valuation reference, although the target is denominated in USD rather than the Lang & Schwarz reference price in EUR.

What does the target change mean?

The latest operating figures explain why the analyst action matters. In the June quarter, non-GAAP gross margin reached 52.70 percent, up from 47.00 percent in the prior period, while non-GAAP operating margin rose to 44.60 percent, according to Yahoo Finance. Data center revenue was USD 2.90 billion, up 57.00 percent year over year, and data center shipments represented 89.00 percent of total exabyte shipments.

Management guided fiscal first-quarter 2027 revenue to USD 4.10 billion plus or minus USD 100.00 million and adjusted earnings per share to USD 7.30 plus or minus USD 0.20, as reported in the earnings-call transcript. That outlook is materially higher than the USD 3.63 billion revenue reported for the June quarter, but it remains guidance rather than a completed result.

Two dates set the next checkpoints

Simply Wall St lists Seagate's annual meeting for October 24, 2026. MarketBeat estimates the next quarterly results for October 28, 2026, after the market close, with consensus revenue of USD 4.13 billion and adjusted earnings per share of USD 7.39.

Seagate stock price in Europe

Seagate Technology stock was trading at EUR 650.00 at Lang & Schwarz on October 13, 2026 at 10:02 a.m. CEST. The structured market quote for Nasdaq showed a market capitalization of USD 168.9 billion on October 12, 2026 and a 52-week range of USD 209.00 to USD 1,145.00.

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