Morgan Stanley Rates Seagate Technology (STX) buy

Morgan Stanley maintains its buy rating on Seagate Technology, targeting $1,035, a 3.29% downside from the current price.

By EarningsIQ Research Desk · Published Jun 15, 2026, 1:01 PM EDT · Updated Jun 22, 2026, 9:01 AM EDT

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Morgan Stanley rated Seagate Technology Holdings plc ($STX) "buy" with a $1,035 price target on June 15, 2026.

Since the rating, $STX is up 7.4% after 1 week, down 18.6% after 1 month and down 37.2% to date (from the $1,017.26 close on Jun 15, 2026).

STX Seagate Technology Holdings plc

$639.01 +122.95% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its buy rating on Seagate Technology with a target price of $1,035, as of June 15, 2026.
Morgan Stanley's $1,035 price target implies 3.29% downside from Seagate Technology Holdings plc's ($STX) current $1,070.23 share price.
Seagate Technology trades at approximately $931.04 with a market cap of $210.6 billion, and a P/E ratio of 88.5.
Recent insider activity shows multiple sales by executives, and analysts broadly maintain buy ratings on the stock.

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Morgan Stanley reiterated its buy rating on Seagate Technology Holdings plc (NasdaqGS: STX) on June 15, 2026. Analyst Erik Woodring set a price target of $1,035, signaling confidence in the company's future performance.

Seagate Technology Holdings plc Stock Up 54.9%

Shares of NasdaqGS:STX traded around $931.04. Seagate Technology has a market cap of $210.6 billion. The company's P/E ratio stands at 88.5, while its forward P/E is 34.6, indicating expectations of higher future earnings. With a beta of 2.083, the stock is more volatile than the market. The 52-week range is from $127.61 to $966.80, showing significant price movement over the past year. The stock's 50-day moving average is $714.01, and the 200-day moving average is $404.30.

12-month forecast

$STX price target

Seagate Technology Holdings plc daily closes and this analyst's $1,035 target. Not advice.

Recent Earnings

Seagate Technology reported revenue of approximately $11.01 billion, with a growth rate of 44.1%. The company's net margin is 21.6%, and it achieved a return on equity of 17.9%. The next earnings report is expected on July 28, 2026.

Dividend

The company offers an annual dividend rate of $2.96, yielding 0.32%. The dividend payout ratio is 27.7%, indicating a sustainable payout relative to earnings.

Insider Buying and Selling at Seagate Technology Holdings plc

Recent insider transactions include significant sales by executives. On June 10, 2026, EVP & CTO Morris John Christopher sold 574 shares at an average price of $821.65. EVP & CFO Gianluca Romano sold 1,351 shares at $821.75. CEO William Mosley sold 2,855 shares at $821.74. These transactions were not under a planned trading program.

Analysts Set New Price Targets

On June 15, 2026, Morgan Stanley maintained its buy rating on Seagate Technology, with a price target of $1,035. JP Morgan also maintained a buy rating with a $920 target on June 12. Mizuho set a price target of $1,090 on June 8, and Citigroup's target is $1,150 as of June 2. The consensus recommendation remains a buy, with an average target price of $885.91 based on 22 analyst opinions.

About Seagate Technology Holdings plc

Seagate Technology Holdings plc, headquartered in Singapore, is a leading provider of data storage technology and solutions. The company offers a wide range of products, including hard disk drives, solid state drives, and storage systems. Its solutions cater to enterprises, distributors, and retailers worldwide. Founded in 1978, Seagate has a workforce of around 30,000 employees and is led by CEO Dr. William David Mosley.

Bottom Line

Morgan Stanley's reiterated buy rating and $1,035 price target reflect ongoing optimism about Seagate Technology's prospects. Investors often watch these ratings closely, as they can influence market sentiment. However, it's important to remember that analyst ratings are based on past and current information and do not guarantee future performance.