Barclays Capital upgraded shares of Seagate (NYSE: STX) from an underweight rating to an equal weight rating in a research note issued to investors on Tuesday, AnalystRatings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research upgraded shares of Seagate from a neutral rating to a buy rating in a research note to investors on Thursday, June 27th. They now have a $80.00 price target on the stock, up previously from $54.00. Separately, analysts at Zacks reiterated a neutral rating on shares of Seagate in a research note to investors on Friday, June 21st. They now have a $45.00 price target on the stock. Finally, analysts at TheStreet reiterated a buy rating on shares of Seagate in a research note to investors on Friday, June 21st.
Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $41.23.
Shares of Seagate (NYSE: STX) opened at 45.10 on Tuesday. Seagate has a one year low of $23.86 and a one year high of $45.84. The stock’s 50-day moving average is currently $43.33. The company has a market cap of $16.171 billion and a P/E ratio of 7.17.
Seagate Technology plc (NYSE: STX) is the provider of electronic data storage products.