Analyst Consensus ?
1 unmapped firm rating excluded from the percentages.
Seagate Technology Holdings plc · STX · FY2026 Q4 · Calendar Q3 2026
The quarter's analysis supports a constructive operating thesis: AI, cloud, and other data-intensive workloads are sustaining storage demand while HAMR adoption and pricing provide additional growth and margin levers. The key test is whether Seagate can execute the technology transition and maintain pricing as adoption broadens.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
The current analysis adds evidence of broader AI-related storage use cases, including KV-cache and physical AI, alongside progress to 40% HAMR share of nearline exabytes. It also identifies longer-term customer agreements and the planned Mozaic 4 and Mozaic 5 ramps as the main execution focus.
Management's guidance sentiment was raised; the analysis points to roughly 20% year-over-year pricing-per-exabyte growth in the September quarter and continued margin expansion.
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Try FN2 free1 unmapped firm rating excluded from the percentages.
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Jul 30, 2026 |
| Argus Research | Buy | Buy | Maintain | Jul 30, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Jul 29, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 29, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Jul 29, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Jul 29, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 29, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Jul 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 1, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jun 8, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 12, 2026 |
| UBS | Neutral | Neutral | Maintain | Apr 29, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Mar 31, 2026 |
| Baird | Outperform | Outperform | Maintain | Jan 29, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jan 28, 2026 |
| Loop Capital | Buy | Buy | Maintain | Nov 10, 2025 |
| Benchmark | Buy | Buy | Maintain | Oct 29, 2025 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Jan 22, 2025 |
| Exane BNP Paribas | Underperform | Neutral | Downgrade | Jan 11, 2024 |
| Summit Insights Group | Sell | Buy | Downgrade | Jul 27, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 27, 2023 |
| Deutsche Bank | Hold | Hold | Maintain | Apr 21, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 26, 2023 |
| Stifel | Buy | Buy | Maintain | Sep 1, 2022 |
| Fox Advisors | Equal Weight | Overweight | Downgrade | Jul 22, 2022 |
| Craig-Hallum | Hold | Buy | Downgrade | Jul 22, 2022 |
| CFRA | Hold | Hold | Maintain | Apr 23, 2020 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Feb 3, 2020 |
| Bank of America | Underperform | Underperform | Maintain | Nov 4, 2019 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Nov 5, 2018 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Jefferies | Hold | Buy | Downgrade | Sep 11, 2017 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 26, 2017 |
| Aegis Capital | Buy | Buy | Maintain | Jun 13, 2017 |
| Longbow Research | Buy | Neutral | Upgrade | Apr 11, 2017 |
| Guggenheim | Neutral | Neutral | Maintain | Jan 4, 2017 |
| Brean Capital | Buy | Buy | Maintain | Oct 12, 2016 |
| Needham | Strong Buy | Buy | Upgrade | Oct 11, 2016 |
| BTIG Research | Buy | Buy | Maintain | Oct 7, 2016 |
| Maxim Group | Hold | Hold | Maintain | May 2, 2016 |
| Pacific Crest | Overweight | Downgrade | Oct 16, 2015 | |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Sep 28, 2015 |
| S&P Capital IQ | Sell | Hold | Downgrade | Jan 23, 2014 |
| Cross Research | Hold | Buy | Downgrade | Jan 2, 2014 |
| PiperJaffray | Neutral | Neutral | Maintain | Jul 8, 2013 |
| FBN Securities | Sector Perform | Outperform | Downgrade | Jan 29, 2013 |
| Evercore Partners | Equal Weight | Overweight | Downgrade | Jan 29, 2013 |
| Lazard | Buy | Buy | Maintain | Aug 9, 2012 |
| Bank oferica | Neutral | Neutral | Maintain | Apr 27, 2012 |
Upside is calculated against the persisted previous close $919.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $900 | $883.66 | -2.2% | Jul 30, 2026 |
| Barclays | Tom O'Malley | $1,250 | $761.03 | +35.9% | Jul 29, 2026 |
| Wedbush | Analyst unavailable | $1,000 | $760.45 | +8.7% | Jul 29, 2026 |
| Bernstein | Mark Newman | $1,350 | $759.51 | +46.8% | Jul 29, 2026 |
| Susquehanna | Analyst unavailable | $875 | $747.3 | -4.9% | Jul 29, 2026 |
| Robert W. Baird | Analyst unavailable | $1,080 | $747.3 | +17.4% | Jul 29, 2026 |
| Morgan Stanley | Erik Woodring | $1,187 | $747.3 | +29.0% | Jul 29, 2026 |
| Goldman Sachs | James Schneider | $960 | $747.3 | +4.4% | Jul 28, 2026 |
| UBS | Timothy Arcuri | $860 | $862.07 | -6.5% | Jul 13, 2026 |
| Wells Fargo | Aaron Rakers | $1,100 | $890.09 | +19.6% | Jul 10, 2026 |
| Susquehanna | Analyst unavailable | $775 | $843.09 | -15.7% | Jul 8, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $1,300 | $899.9 | +41.3% | Jun 29, 2026 |
| Melius Research | Ben Reitzes | $1,600 | $899.9 | +73.9% | Jun 29, 2026 |
| Morgan Stanley | Analyst unavailable | $1,035 | $1,000.62 | +12.5% | Jun 15, 2026 |
| Mizuho Securities | Analyst unavailable | $1,090 | $847.47 | +18.5% | Jun 8, 2026 |
| Wells Fargo | Analyst unavailable | $900 | $879.8 | -2.2% | Jun 1, 2026 |
| Barclays | Tom O'Malley | $1,000 | $845.76 | +8.7% | May 27, 2026 |
| Evercore ISI | Analyst unavailable | $1,000 | $806.75 | +8.7% | May 12, 2026 |
| Mizuho Securities | Analyst unavailable | $875 | $771.01 | -4.9% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $767 | $675 | -16.6% | Apr 29, 2026 |
| Evercore ISI | Analyst unavailable | $750 | $669.2 | -18.5% | Apr 29, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $1,000 | $579.03 | +8.7% | Apr 29, 2026 |
| Susquehanna | Analyst unavailable | $615 | $579.03 | -33.1% | Apr 29, 2026 |
| Wedbush | Analyst unavailable | $825 | $579.03 | -10.3% | Apr 29, 2026 |
| Goldman Sachs | Analyst unavailable | $700 | $579.03 | -23.9% | Apr 29, 2026 |
| Barclays | Tom O'Malley | $750 | $579.03 | -18.5% | Apr 29, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $700 | $586.25 | -23.9% | Apr 27, 2026 |
| UBS | Analyst unavailable | $515 | $539.75 | -44.0% | Apr 21, 2026 |
| Evercore ISI | Analyst unavailable | $550 | $496.3 | -40.2% | Apr 8, 2026 |
| Mizuho Securities | Analyst unavailable | $475 | $425.99 | -48.4% | Feb 17, 2026 |
| UBS | Analyst unavailable | $440 | $431.23 | -52.2% | Feb 9, 2026 |
| Robert W. Baird | Tristan Gerra | $505 | $444.38 | -45.1% | Jan 29, 2026 |
| Bernstein | Analyst unavailable | $500 | $442.93 | -45.6% | Jan 29, 2026 |
| Morgan Stanley | Analyst unavailable | $468 | $429.8 | -49.1% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $440 | $429.24 | -52.2% | Jan 28, 2026 |
| Goldman Sachs | James Schneider | $385 | $429.36 | -58.1% | Jan 28, 2026 |
| KeyBanc | Analyst unavailable | $500 | $433.5 | -45.6% | Jan 28, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $500 | $371.76 | -45.6% | Jan 28, 2026 |
| UBS | Timothy Arcuri | $385 | $371.76 | -58.1% | Jan 28, 2026 |
| Wells Fargo | Analyst unavailable | $450 | $371.76 | -51.1% | Jan 28, 2026 |
| Barclays | Tom O'Malley | $425 | $371.76 | -53.8% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $400 | $358.29 | -56.5% | Jan 27, 2026 |
| Morgan Stanley | Erik Woodring | $372 | $344.22 | -59.6% | Jan 22, 2026 |
| BNP Paribas | Karl Ackerman | $380 | $329.48 | -58.7% | Jan 21, 2026 |
| UBS | Analyst unavailable | $335 | $326.28 | -63.6% | Jan 20, 2026 |
| Susquehanna | Analyst unavailable | $280 | $320.32 | -69.6% | Jan 16, 2026 |
| Barclays | Tom O'Malley | $370 | $312.28 | -59.8% | Jan 15, 2026 |
| Wells Fargo | Analyst unavailable | $360 | $312.28 | -60.9% | Jan 15, 2026 |
| Goldman Sachs | Analyst unavailable | $310 | $284.47 | -66.3% | Jan 9, 2026 |
| Mizuho Securities | Analyst unavailable | $370 | $284.47 | -59.8% | Jan 9, 2026 |
| Morgan Stanley | Erik Woodring | $337 | $288.13 | -63.4% | Dec 17, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $400 | $277.02 | -56.5% | Nov 6, 2025 |
| Wedbush | Analyst unavailable | $290 | $265.62 | -68.5% | Oct 29, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $280 | $262.25 | -69.6% | Oct 29, 2025 |
| Mizuho Securities | Analyst unavailable | $290 | $223 | -68.5% | Oct 29, 2025 |
| Susquehanna | Analyst unavailable | $150 | $223 | -83.7% | Oct 29, 2025 |
| Bernstein | Mark Newman | $275 | $258.33 | -70.1% | Oct 29, 2025 |
| Morgan Stanley | Analyst unavailable | $270 | $258.33 | -70.6% | Oct 29, 2025 |
| Rosenblatt Securities | Kevin Cassidy | $270 | $258.33 | -70.6% | Oct 29, 2025 |
| UBS | Timothy Arcuri | $230 | $223 | -75.0% | Oct 29, 2025 |
| Robert W. Baird | Tristan Gerra | $270 | $223 | -70.6% | Oct 29, 2025 |
| Barclays | Tim Long | $240 | $223 | -73.9% | Oct 29, 2025 |
| UBS | Timothy Arcuri | $235 | $225.4 | -74.5% | Oct 20, 2025 |
| Mizuho Securities | Vijay Rakesh | $280 | $226.03 | -69.6% | Oct 17, 2025 |
| Evercore ISI | Analyst unavailable | $330 | $214.38 | -64.1% | Oct 13, 2025 |
| Wells Fargo | Analyst unavailable | $240 | $214.38 | -73.9% | Oct 13, 2025 |
| Morgan Stanley | Analyst unavailable | $265 | $217.51 | -71.2% | Sep 29, 2025 |
| Mizuho Securities | Analyst unavailable | $245 | $216.64 | -73.4% | Sep 18, 2025 |
| Barclays | Tom O'Malley | $180 | $172.38 | -80.4% | Aug 28, 2025 |
| Robert W. Baird | Analyst unavailable | $188 | $147.42 | -79.6% | Jul 30, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $175 | $147.42 | -81.0% | Jul 30, 2025 |
| Morgan Stanley | Analyst unavailable | $168 | $147.42 | -81.7% | Jul 30, 2025 |
| Mizuho Securities | Vijay Rakesh | $130 | $112.74 | -85.9% | May 23, 2025 |
| Morgan Stanley | Erik Woodring | $140 | $112.74 | -84.8% | May 23, 2025 |
| Wedbush | Matt Bryson | $140 | $91.03 | -84.8% | Apr 30, 2025 |
| Rosenblatt Securities | Kevin Cassidy | $140 | $112.64 | -84.8% | Oct 23, 2024 |
| Goldman Sachs | Toshiya Hari | $112 | $112.64 | -87.8% | Oct 23, 2024 |
| Citigroup | Asiya Merchant | $130 | $112.64 | -85.9% | Oct 23, 2024 |
| Evercore ISI | Amit Daryanani | $135 | $112.64 | -85.3% | Oct 23, 2024 |
| Citigroup | Asiya Merchant | $110 | $100.73 | -88.0% | Sep 4, 2024 |
| Susquehanna | Mehdi Hosseini | $65 | $105.3 | -92.9% | Jul 24, 2024 |
| Morgan Stanley | Erik Woodring | $133 | $105.3 | -85.5% | Jul 24, 2024 |
| Loop Capital Markets | Ananda Baruah | $135 | $105.3 | -85.3% | Jul 24, 2024 |
| Rosenblatt Securities | Kevin Cassidy | $125 | $105.3 | -86.4% | Jul 24, 2024 |
| Barclays | Tom O'Malley | $95 | $105.3 | -89.7% | Jul 24, 2024 |
| UBS | Timothy Arcuri | $110 | $103.88 | -88.0% | Jul 8, 2024 |
| Mizuho Securities | Vijay Rakesh | $110 | $93.71 | -88.0% | May 31, 2024 |
| Wedbush | Matt Bryson | $100 | $85.81 | -89.1% | May 1, 2024 |
| Morgan Stanley | Erik Woodring | $115 | $88.21 | -87.5% | Mar 26, 2024 |
| Cantor Fitzgerald | C J Muse | $170 | $88.16 | -81.5% | Feb 16, 2024 |
| Rosenblatt Securities | Kevin Cassidy | $78 | $85.43 | -91.5% | Dec 14, 2023 |
| Wedbush | Matt Bryson | $55 | $63.96 | -94.0% | Apr 14, 2023 |
| Morgan Stanley | Erik Woodring | $72 | $65.34 | -92.2% | Apr 4, 2023 |
| Rosenblatt Securities | Kevin Cassidy | $75 | $60.43 | -91.8% | Mar 29, 2023 |
| Rosenblatt Securities | Kevin Cassidy | $60 | $51.96 | -93.5% | Oct 27, 2022 |
| Stifel Nicolaus | Analyst unavailable | $97 | $65.92 | -89.5% | Sep 1, 2022 |
| Deutsche Bank | Analyst unavailable | $72 | $65.69 | -92.2% | Sep 1, 2022 |
| Morgan Stanley | Analyst unavailable | $70 | $64.48 | -92.4% | Sep 1, 2022 |
| Rosenblatt Securities | Analyst unavailable | $80 | $66.96 | -91.3% | Sep 1, 2022 |
| Barclays | Analyst unavailable | $65 | $66.96 | -92.9% | Sep 1, 2022 |
| Goldman Sachs | Toshiya Hari | $80 | $76.98 | -91.3% | Jul 27, 2022 |
| Mizuho Securities | Vijay Rakesh | $83 | $76.42 | -91.0% | Jul 22, 2022 |
| Morgan Stanley | Analyst unavailable | $84 | $76.19 | -90.9% | Jul 22, 2022 |
| Deutsche Bank | Analyst unavailable | $75 | $83.61 | -91.8% | Jul 22, 2022 |
| Stifel Nicolaus | Analyst unavailable | $120 | $83.61 | -87.0% | Jul 22, 2022 |
| Morgan Stanley | Analyst unavailable | $89 | $77.58 | -90.3% | Jul 15, 2022 |
| Deutsche Bank | Analyst unavailable | $82 | $75.9 | -91.1% | Jul 15, 2022 |
| Barclays | Tom O’Malley | $70 | $74.21 | -92.4% | Jun 28, 2022 |
| Barclays | Tom O’Malley | $85 | $82.17 | -90.8% | Apr 29, 2022 |
| Susquehanna | Analyst unavailable | $67 | $80.94 | -92.7% | Apr 28, 2022 |
| Rosenblatt Securities | Analyst unavailable | $100 | $81.65 | -89.1% | Apr 28, 2022 |
| Mizuho Securities | Analyst unavailable | $95 | $81.65 | -89.7% | Apr 28, 2022 |
| Deutsche Bank | Analyst unavailable | $95 | $83.73 | -89.7% | Apr 19, 2022 |
| Wells Fargo | Analyst unavailable | $90 | $83.74 | -90.2% | Apr 19, 2022 |
| Stifel Nicolaus | Patrick Ho | $125 | $85.04 | -86.4% | Apr 9, 2022 |
| Mizuho Securities | Vijay Rakesh | $105 | $89.42 | -88.6% | Apr 2, 2022 |
| Morgan Stanley | Katy Huberty | $101 | $90.44 | -89.0% | Mar 16, 2022 |
| Rosenblatt Securities | Kevin Cassidy | $95 | $108.72 | -89.7% | Feb 6, 2022 |
| Benchmark Co. | Mark Miller | $112 | $103.68 | -87.8% | Jan 27, 2022 |
| Susquehanna | Mehdi Hosseini | $93 | $102.91 | -89.9% | Jan 27, 2022 |
| Deutsche Bank | Sidney Ho | $110 | $102.91 | -88.0% | Jan 27, 2022 |
| Citigroup | Jim Suva | $105 | $102.91 | -88.6% | Jan 27, 2022 |
| Cowen & Co. | Karl Ackerman | $120 | $102.91 | -87.0% | Jan 27, 2022 |
| Bank of America Securities | Wamsi Mohan | $130 | $96.44 | -85.9% | Jan 24, 2022 |
| Loop Capital Markets | Ananda Baruah | $130 | $99.68 | -85.9% | Jan 20, 2022 |
| Barclays | Thomas O'Malley | $100 | $112.39 | -89.1% | Jan 12, 2022 |
| Craig-Hallum | Christian Schwab | $112 | $97.14 | -87.8% | Jun 9, 2021 |
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Start freeSeagate Technology Holdings plc, headquartered in Dublin, Ireland, is a global provider of advanced data storage technology and solutions, with operations spanning Singapore, the United States, the Netherlands, and other international regions. The company's extensive product portfolio encompasses a wide array of mass capacity storage offerings. These include enterprise-grade nearline hard disk drives (HDDs), solid-state drives (SSDs), and complete enterprise nearline systems, alongside specialized HDDs for video and imaging, and network-attached storage (NAS) drives. Beyond these, Seagate also supports legacy systems with Mission Critical HDDs and SSDs.…
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Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.