Seagate Technology Stock Target Price and Analyst Consensus

STX Stock  USD 99.92  1.90  1.94%   
The current analyst and expert consensus on Seagate Technology is Buy with 11 hold recommendations. The current projected Seagate Technology target price consensus is 64.00 with 26 analyst opinions. One of the most common ways Seagate Technology PLC analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Seagate Technology vendors, executives, and/or customers. Seagate Technology recommendation module provides expert sentiment on the projected Seagate Technology PLC target price to derive its highest and lowest estimates based on target price standard deviation of 1.9038.
Lowest Forecast
58.24
Highest Forecast
71.04
Target Price
64
Gross Profit is likely to drop to about 1.4 B in 2024. Pretax Profit Margin is likely to drop to -0.07 in 2024. At this time, Seagate Technology's Net Receivables is fairly stable compared to the past year. Other Current Assets is likely to rise to about 1.1 B in 2024, whereas Total Assets are likely to drop slightly above 7.1 B in 2024.
  
It's important to approach Seagate Technology's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Seagate Technology price targets

Seagate Technology's stock target price is an estimate of its future price, usually made by analysts. Using Seagate Technology's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Seagate Technology's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Seagate Technology's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Seagate Technology Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Seagate Technology is a key component of Seagate Technology valuation and have some predictive power on the future returns of a Seagate Technology.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seagate Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
97.9799.86101.75
Details
Intrinsic
Valuation
LowRealHigh
81.1883.07109.91
Details
Naive
Forecast
LowNextHigh
97.7199.60101.49
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.781.872.00
Details

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Additional Tools for Seagate Stock Analysis

When running Seagate Technology's price analysis, check to measure Seagate Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seagate Technology is operating at the current time. Most of Seagate Technology's value examination focuses on studying past and present price action to predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.