UBS Group has increased its price target for Seagate Technology (NASDAQ:STX) stock to $440 from $385, maintaining a “neutral” rating and suggesting a 7.58% potential upside. This follows Seagate’s strong quarterly earnings beat, with EPS of $3.11 against an estimated $2.77 and revenue up 21.5% year-over-year. Despite insider selling, the stock maintains a “Moderate Buy” consensus rating from analysts, with institutional investors holding a significant 92.87% stake.
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UBS Group Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock
UBS Group has increased its price target for Seagate Technology (NASDAQ:STX) stock to $440 from $385, maintaining a “neutral” rating and suggesting a 7.58% potential upside. This follows Seagate’s strong quarterly earnings beat, with EPS of $3.11 against an estimated $2.77 and revenue up 21.5% year-over-year. Despite insider selling, the stock maintains a “Moderate Buy” consensus rating from analysts, with institutional investors holding a significant 92.87% stake.