Seagate stock: Wells Fargo cuts target for Seagate stock to USD 865.00

Published on 10/19/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 27, 2026 after the US close. Seagate stock costs EUR 589.00 on October 19, 2026, up 7.09 percent versus the Xetra close.

Analyst target and upcoming results

Wells Fargo lowered its Seagate target from USD 1,180.00 to USD 865.00 on October 16, 2026.
Seagate will publish fiscal first-quarter 2027 results on October 27, 2026.
Seagate stock costs EUR 589.00 at Lang & Schwarz on October 19, 2026 at 3:16 p.m. CEST, 7.09 percent above the Xetra close of October 16, 2026.
Seagate's price-to-earnings ratio was 45.97 and market capitalization was USD 145.3 billion on October 16, 2026.

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Wells Fargo lowered its Seagate target from USD 1,180.00 to USD 865.00 on October 16, 2026, while keeping an Overweight rating, according to MarketBeat. Against the last Nasdaq quote of USD 639.01 on October 16, 2026 at 4:00 p.m. ET, the revised target stood 35.36 percent higher. Seagate stock was trading at EUR 589.00 at Lang & Schwarz on October 19, 2026 at 3:16 p.m. CEST, up 7.09 percent versus the Xetra close of October 16, 2026 at EUR 550.00.

Results arrive on October 27

Seagate will report fiscal first-quarter 2027 results after the US market closes on October 27, 2026, the company said in a release dated October 14, 2026. The conference call is scheduled for 5:00 p.m. ET that day, according to Seagate. The date gives investors the next fixed checkpoint after the sharp repricing of storage stocks in October.

Price remains below the yearly high

The Lang & Schwarz quote was EUR 589.00, with a bid of EUR 588.00 and an ask of EUR 590.00 at 3:16 p.m. CEST on October 19, 2026. The Xetra close used for the daily comparison was EUR 550.00 on October 16, 2026, putting the euro quote EUR 39.00 higher.

On the Nasdaq, Seagate was last quoted at USD 639.01 on October 16, 2026 at 4:00 p.m. ET. Its 52-week range was USD 209.00 to USD 1,145.00 as of that date, leaving the price 44.19 percent below the high. The finance quote showed 6,111,713 shares traded against an average volume of 4,650,562 shares.

Valuation and peers

Seagate's market capitalization was USD 145.3 billion and its price-to-earnings ratio was 45.97 on October 16, 2026. The quote carried no dividend yield, while the latest company release set October 27 as the next reporting date.

Comparison with peers

Seagate: plus 7.09 percent, P/E 45.97, market capitalization USD 145.3 billion

Western Digital (Nasdaq, USD): minus 6.86 percent, P/E 13.38, market capitalization USD 124.3 billion

Pure Storage (NYSE, USD): plus 9.14 percent, P/E 130.64, market capitalization USD 28.5 billion

What the target reset changes

The Wells Fargo move puts the analyst debate alongside a still-elevated valuation and a near-term results date. The revised USD 865.00 target remains above the October 16 Nasdaq quote, but the cut from USD 1,180.00 shows that target dispersion is material.

Seagate designs and supplies mass-capacity storage solutions, with hard drives serving cloud, enterprise and consumer markets. The company's fiscal first-quarter 2027 report on October 27 will provide the next company-specific figures for revenue, earnings and demand.

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