In a report released today, Sidney Ho from Deutsche Bank maintained a Hold rating on Seagate Tech (STX), with a price target of $50.00. The company’s shares closed last Monday at $48.73.
According to TipRanks.com, Ho is a 5-star analyst with an average return of 19.4% and a 55.4% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings, Applied Materials, and MKS Instruments.
The word on The Street in general, suggests a Hold analyst consensus rating for Seagate Tech with a $55.92 average price target, which is a 20.1% upside from current levels. In a report issued on March 16, Citigroup also maintained a Hold rating on the stock with a $45.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $64.17 and a one-year low of $39.02. Currently, Seagate Tech has an average volume of 3.07M.
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.