In a report released yesterday, Amit Daryanani from RBC Capital reiterated a Hold rating on Seagate Tech (NASDAQ: STX), with a price target of $60. The company’s shares closed on Friday at $47.35.
According to TipRanks.com, Daryanani is a top 100 analyst with an average return of 22.9% and a 79.1% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Ichor Holdings Ltd, Texas Instruments, and Xperi Corporation.
Seagate Tech has an analyst consensus of Hold, with a price target consensus of $57.
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The company has a one-year high of $62.70 and a one-year low of $33.15. Currently, Seagate Tech has an average volume of 3.44M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
