Seagate Tech (STX) Gets a Hold Rating from Deutsche Bank


Deutsche Bank analyst Sidney Ho maintained a Hold rating on Seagate Tech (STX) today and set a price target of $52.00. The company’s shares closed last Wednesday at $50.74.

According to TipRanks.com, Ho is a 5-star analyst with an average return of 19.2% and a 57.0% success rate. Ho covers the Technology sector, focusing on stocks such as Smart Global Holdings, MKS Instruments, and Western Digital.

Currently, the analyst consensus on Seagate Tech is a Hold with an average price target of $54.88, implying a 10.3% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Hold rating on the stock with a $56.00 price target.

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The company has a one-year high of $64.17 and a one-year low of $39.03. Currently, Seagate Tech has an average volume of 3.29M.

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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.

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