Bank of America raises target for Seagate stock to USD 1,200

Published on 10/26/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate reports fiscal first-quarter results on October 27, 2026 after the US close. Seagate stock costs EUR 585.00 on October 26, 2026.

Analyst target and reporting date

Bank of America raised its Seagate target to USD 1,200 from USD 1,150 on October 21, 2026.
Seagate will report fiscal first-quarter 2027 results on October 27, 2026, after the US market closes.
Seagate stock costs EUR 585.00 at Lang & Schwarz on October 26, 2026 at 4:46 p.m. CEST.

Seagate, IE00BKVD2N49, Illustration mit AI erstellt.

Bank of America raised its price target for Seagate Technology Holdings from USD 1,150.00 to USD 1,200.00 on October 21, 2026, while maintaining its Buy rating, according to Yahoo Finance. Seagate stock was trading at EUR 585.00 at Lang & Schwarz on October 26, 2026 at 4:46 p.m. CEST.

Target rises before results

The revised target reflects Bank of America's expectation that fiscal first-quarter 2027 revenue will reach the high end of Seagate's guidance. The bank expects USD 4.20 billion in revenue and earnings per share of USD 7.60, compared with company guidance of USD 4.00 billion to USD 4.20 billion and USD 7.10 to USD 7.50, respectively, according to Yahoo Finance.

Stock position and valuation

On the Nasdaq, Seagate last traded at USD 653.00 on October 26, 2026 at 11:59 a.m. ET. The quote put the company at a market capitalization of USD 148.5 billion, with a 52-week range of USD 217.67 to USD 1,145.00 and a price-to-earnings ratio of 47.01. Trading volume stood at 1,793,269 shares at that time.

What comes with the next report?

Seagate said on October 14, 2026 that it will release fiscal first-quarter 2027 results after the US market closes on October 27, 2026. The company scheduled its investor conference call for 5:00 p.m. ET the same day, according to Seagate.

The upcoming report will be measured against fiscal fourth-quarter 2026 revenue of USD 3.63 billion and non-GAAP earnings per share of USD 5.71. Full-year fiscal 2026 revenue reached USD 12.20 billion, up 34.00 percent from fiscal 2025, while free cash flow reached USD 3.10 billion, according to Yahoo Finance.

Storage demand meets execution risk

Bank of America linked its higher target to continued demand for nearline hard drives used in data centers and cloud storage. It also identified the production ramp for Seagate's Mozaic 4+ platform as a constraint that could limit growth if manufacturing yields develop more slowly than expected.

Seagate's valuation therefore rests on two measurable tests: whether fiscal first-quarter revenue reaches the USD 4.00 billion to USD 4.20 billion outlook and whether the margin improvement seen in fiscal 2026 can continue. The October 27 report supplies the next company-specific evidence.

Price and next report

The Nasdaq price, the euro quotation and the upcoming report date give investors three separate reference points for the stock. Seagate was trading at EUR 585.00 at Lang & Schwarz on October 26, 2026 at 4:46 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Seagate stock.