Benchmark Co. analyst Mark Miller upgraded Seagate Tech (STX) to Buy today and set a price target of $57. The company’s shares closed yesterday at $48.32.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.4% and a 68.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
The word on The Street in general, suggests a Hold analyst consensus rating for Seagate Tech with a $47.21 average price target, implying a -2.3% downside from current levels. In a report issued on April 18, Morgan Stanley also reiterated a Buy rating on the stock with a $56 price target.
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The company has a one-year high of $60.01 and a one-year low of $35.38. Currently, Seagate Tech has an average volume of 3.27M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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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.
