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

Published on 10/27/2026 at 17:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate posted USD 3.63 billion revenue in fiscal Q4 2026, up 48.5 percent. Seagate Technology stock costs EUR 615.00 on October 27, 2026.

Analyst target and reporting date

Bank of America raised its Seagate target from USD 1,150 to USD 1,200 on October 21, 2026.
Fiscal fourth-quarter revenue reached USD 3.63 billion, up 48.5 percent year over year.
Seagate Technology stock costs EUR 615.00 at Lang & Schwarz on October 27, 2026 at 4:59 p.m. CEST.
Seagate scheduled fiscal first-quarter 2027 results for October 27, 2026 after the US market close.

Seagate, IE00BKVD2N49, Illustration mit AI erstellt.

Seagate Technology (ISIN IE00BKVD2N49) has a new USD 1,200 price target from Bank of America, up from USD 1,150 in a report dated October 21, 2026. According to Yahoo Finance, the bank kept its Buy rating and linked the higher target to demand for hard disk drives. At Lang & Schwarz, the stock was trading at EUR 615.00 on October 27, 2026 at 4:59 p.m. CEST.

Revenue growth sets the baseline

Seagate generated USD 3.63 billion in revenue during fiscal fourth quarter 2026, up 48.5 percent from the year-earlier period. Non-GAAP earnings per share reached USD 5.71, compared with USD 5.09 expected by analysts, according to Yahoo Finance. The figures give the new target a stronger operating backdrop, although they belong to the fiscal quarter ended July 3, 2026.

Stock position on October 27

On the Nasdaq, Seagate was last quoted at USD 681.21 on October 27, 2026 at 12:04 p.m. ET. The same market quotation put the 52-week range at USD 217.67 to USD 1,145.00, while market capitalization stood at USD 154.9 billion and volume reached 3,270,424 shares.

The stock's price-to-earnings ratio was 49.06 on October 27, 2026. Seagate's primary listing is the Nasdaq under ticker STX, and the company operates in the technology sector and computer hardware industry.

What does the target imply?

Bank of America based its USD 1,200 target on 16 times estimated fiscal 2028 earnings per share of USD 76.24, while lifting its fiscal 2027 revenue estimate from USD 17.5 billion to USD 18.7 billion. The bank also projected USD 4.2 billion in first-quarter fiscal 2027 revenue against company guidance of USD 4.0 billion to USD 4.2 billion, according to Yahoo Finance.

The next scheduled corporate date was October 27, 2026, when Seagate planned to report fiscal first-quarter 2027 results after the US market close. The company announced the date on October 14, 2026, in a release carried on its website, which also set the investor call for 5:00 p.m. ET.

Demand remains the key test

The analyst case rests on pricing strength, data-center demand and the rollout of heat-assisted magnetic recording technology. Bank of America also identified production yields for Seagate's Mosaic 4+ platform as a potential constraint, giving investors a concrete counterweight to the higher target.

Euro quote for German investors

For German investors, the central market figure is the EUR 615.00 Lang & Schwarz quote from October 27, 2026 at 4:59 p.m. CEST. The Nasdaq quotation of USD 681.21 belongs to the same date but remains separate from the euro price.

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