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

Published on 10/21/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate reports October 27 with USD 4.14 billion revenue forecast. Seagate stock costs EUR 624.00, up 2.30 percent versus the Tradegate close on October 21, 2026.

Bank of America lifts its target

Bank of America raised its Seagate target from USD 1,150.00 to USD 1,200.00 on October 21, 2026.
Seagate is due to report fiscal first-quarter 2027 results on October 27, 2026, with consensus revenue of USD 4.14 billion.
Seagate stock costs EUR 624.00 at Lang & Schwarz on October 21, 2026 at 3:07 p.m. CEST, 2.30 percent above the Tradegate close of October 20, 2026.
The company had USD 3.63 billion in fiscal fourth-quarter 2026 revenue and USD 1.29 billion in net income.

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Seagate Technology (IE00BKVD2N49) has a fresh analyst catalyst: MarketBeat reported on October 21, 2026 that Bank of America raised its target from USD 1,150.00 to USD 1,200.00 and maintained a Buy rating. Seagate stock was trading at EUR 624.00 at Lang & Schwarz on October 21, 2026 at 3:07 p.m. CEST, up 2.30 percent versus the Tradegate close of October 20, 2026 at EUR 610.00.

Analyst target reaches USD 1,200

The target move is the latest dated view in the available analyst record. MarketBeat said Bank of America retained its Buy rating while lifting the objective by USD 50.00, or 4.35 percent, from the previous USD 1,150.00. Its report also listed 22 Buy ratings and five Hold ratings, with a consensus target of USD 975.92.

The target uses Seagate's Nasdaq quotation in USD, while the market report price uses the euro quote for German investors. The currencies are not combined in one return calculation. The company is listed on the Nasdaq under STX, according to Seagate's October 14, 2026 release.

Results arrive on October 27

Seagate announced on October 14, 2026 that it will report fiscal first-quarter 2027 results after the US market closes on October 27, 2026. The conference call is scheduled for 5:00 p.m. ET that day. MarketBeat cited consensus revenue of USD 4.14 billion and earnings of USD 7.41 per share for the quarter.

The latest reported quarter provides the comparison point. Seagate's fiscal fourth-quarter 2026 revenue was USD 3.63 billion, up 48.50 percent year over year, while net income attributable to common shareholders reached USD 1.29 billion. Operating cash flow was USD 1.31 billion for the same period.

How does Seagate compare?

Seagate's market capitalization was USD 153.5 billion as of October 20, 2026, and its Nasdaq price was USD 675.13 at the last quoted session timestamp. The 52-week range was USD 209.00 to USD 1,145.00. Western Digital stood at USD 364.32 with a USD 136.4 billion market capitalization, while Micron Technology stood at USD 896.07 with a USD 1.0 trillion market capitalization. These figures place Seagate between two different storage-market profiles rather than offering a direct valuation conclusion.

Price position for investors

The euro quote sat 31.82 percent below the EUR 915.00 high shown in the October 21 German market context and above the EUR 183.94 low cited for the same listing. The immediate scheduled event is the October 27 results release, while the analyst target gives investors a separate USD-based benchmark.

Seagate's latest operating figures remain the main test for the elevated valuation. Revenue of USD 3.63 billion in fiscal fourth-quarter 2026 and the USD 4.14 billion consensus for fiscal first-quarter 2027 imply a demanding next report.

Current Seagate quote

For investors in Germany, Seagate was trading at EUR 624.00 at Lang & Schwarz on October 21, 2026 at 3:07 p.m. CEST, 2.30 percent above the Tradegate close of October 20, 2026 at EUR 610.00.

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