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Home/News Feed/Bank of America raises Seagate price target to $605 ahead of strong quarterly report.
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Bank of America raises Seagate price target to $605 ahead of strong quarterly report.

Analyst Insights
20 Apr 2026
Proactive Investors
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Bullish
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Bank of America analysts have increased their price target for Seagate Technology to $605 from $450, citing stronger confidence in earnings growth and sustained demand. They raised fiscal 2026 revenue and earnings per share estimates, expecting $11.7 billion in revenue and $13.65 EPS. Seagate is forecasted to report fiscal Q3 revenue of about $3.02 billion and EPS of $3.70, beating consensus due to strong data center demand. The transition to higher-capacity HAMR drives and long-term contracts are expected to support margin expansion and growth into 2027.

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