Rosenblatt cuts target for Seagate stock as earnings loom

Published on 10/27/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rosenblatt cut its target from USD 1,400 to USD 1,100 on October 26, 2026. Seagate stock costs EUR 586.00 on October 27, 2026 before results.

Analyst target and earnings date

Rosenblatt cut its Seagate target from USD 1,400 to USD 1,100 on October 26, 2026.
Fiscal first-quarter revenue guidance is USD 4.1 billion, with a USD 100 million range, for the period ending September 2026.
Seagate stock trades at EUR 586.00 at 11:03 a.m. CEST at Lang & Schwarz on October 27, 2026.
Seagate will report fiscal first-quarter 2027 results after the US market closes on October 27, 2026.

Seagate, IE00BKVD2N49, Illustration mit AI erstellt.

Seagate Technology (IE00BKVD2N49) was trading at EUR 586.00 at Lang & Schwarz on October 27, 2026 at 11:03 a.m. CEST. Investing.com reported on October 26, 2026 that Rosenblatt cut its Seagate target from USD 1,400 to USD 1,100 while keeping a Buy rating.

Target cut meets earnings date

The lower target arrived immediately before Seagate's fiscal first-quarter 2027 results. Seagate said the report would be released after the US market close on October 27, 2026, followed by an investor call at 5:00 p.m. ET.

The company identifies itself as a mass-capacity data-storage provider serving cloud operators, enterprises and consumers. Its latest completed quarter, fiscal fourth-quarter 2026, produced USD 3.63 billion in revenue, USD 1.29 billion in net income attributable to common shareholders and diluted earnings per share of USD 5.58.

What does the forecast imply?

Yahoo Finance reported that management's fiscal first-quarter revenue outlook was USD 4.1 billion plus or minus USD 100 million. Its cited consensus estimate was USD 4.11 billion, while the non-GAAP earnings outlook was USD 7.30 per share plus or minus USD 0.20.

That setup makes the report a test of execution as Seagate expands high-capacity storage for artificial-intelligence infrastructure. The same preview cited cloud customers at about 90 percent of exabyte shipments and identified HAMR production execution, customer qualification and manufacturing yields as risks.

The next two dates

Seagate's next reporting date is October 27, 2026, when it is scheduled to publish fiscal first-quarter 2027 results. The related investor conference call is also scheduled for October 27, 2026, at 5:00 p.m. ET, according to the company release.

Market value and listing

Seagate is listed on Nasdaq under ticker STX. MarketScreener identifies the company as a computer-hardware issuer and reported a Nasdaq close of USD 644.21 on October 26, 2026, while another market page placed its market value at USD 144.5 billion on that date.

At Lang & Schwarz, Seagate was trading at EUR 586.00 on October 27, 2026 at 11:03 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Seagate stock.