JP Morgan Rates Seagate Technology (STX) buy, $920 Price Target

JP Morgan has reiterated its buy rating on Seagate Technology with a price target of $920, reflecting confidence in the company's future, a 14.68% downside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:10 PM EDT · Updated Jun 18, 2026, 11:01 AM EDT

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JP Morgan rated Seagate Technology Holdings plc ($STX) "buy" with a $920 price target on June 12, 2026.

Since the rating, $STX is up 17.5% after 1 week, down 7.5% after 1 month and down 31.3% to date (from the $929.63 close on Jun 12, 2026).

STX Seagate Technology Holdings plc

$639.01 +122.95% year to date

Daily close · Oct 16, 2026

Key Points

JP Morgan maintains a buy rating on Seagate Technology, setting a target price of $920 while the stock trades at $1,078.33.
JP Morgan's $920 price target implies 14.68% downside from Seagate Technology Holdings plc's ($STX) current $1,078.33 share price.
The stock's current price is significantly above the target, indicating a potential decline or a reevaluation of growth expectations.
Seagate Technology has a market cap of approximately $199.5 billion and a P/E ratio of about 63.1, reflecting its valuation in the tech sector.

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JP Morgan's Rating Update on Seagate Technology

On June 12, 2026, JP Morgan reiterated its buy rating on Seagate Technology Holdings plc (STX) on the NasdaqGS, with a price target of $920. The stock is currently trading at $1,078.33. This creates a notable gap between the current trading price and the target, suggesting that the stock may need to adjust if it is to meet this target.

What the Target Means for Investors

The reiteration of the buy rating and the price target of $920 indicate JP Morgan's confidence in Seagate's future performance, despite the stock currently trading at a premium. The gap could imply that analysts expect some level of correction or that the market has priced in a more optimistic outlook than JP Morgan anticipates.

Analysts Set New Price Targets

Other analysts also maintain a positive outlook on Seagate Technology. For instance, Wells Fargo has an Overweight rating with a target of $865, while Argus Research has a Buy rating with a higher target of $900. Barclays and Morgan Stanley both maintain Overweight ratings with targets of $1,250 and $1,187, respectively. This consensus reflects a generally favorable view of the stock, although there are differing opinions on the expected price trajectory.

Stock Performance Context

Seagate Technology's stock has seen significant fluctuations, trading between a 52-week low of $209 and a high of $1,145. The current price of $1,078.33 is well above its 50-day moving average of $842.67, indicating strong recent performance. However, the distance from the new target set by JP Morgan may prompt investors to reassess their positions.

12-month forecast

$STX price target

Seagate Technology Holdings plc daily closes and this analyst's $920 target. Not advice.

Recent Earnings

In its most recent earnings report, Seagate posted revenue of approximately $12.2 billion, reflecting a revenue growth of 48.5%. The company reported an EPS of 13.91 and a net margin of 26.1%. The next earnings report is scheduled for October 27, 2026, which will provide further insights into the company's performance.

What Seagate Technology Holdings plc Does

Seagate Technology Holdings plc, headquartered in Singapore, specializes in data storage solutions. The company offers various products, including hard drives and solid-state drives, catering to industries like healthcare, media, and telecommunications. The company's strong market presence and innovative solutions are key factors in its sustained interest among analysts.

What to Watch at Seagate Technology Holdings plc

Investors should keep an eye on the upcoming earnings report on October 27, 2026, for further insights into Seagate's performance. The backward-looking nature of the 13F filings means that ratings and target prices may not reflect current market sentiments. As analysts continue to evaluate the stock, further updates from JP Morgan and other firms will be important to watch.