Seagate Earnings Loom: Top Analysts Update Forecasts Before Call
Seagate Technology Holdings plc (NASDAQ:STX) is set to announce its earnings for the first fiscal quarter on Tuesday, October 28, after market closure. Analysts predict a significant increase in earnings per share, estimating it to be $2.4. This marks a rise from $1.58 reported during the same period last year.
Quarterly Revenue Forecast
The anticipated revenue for this quarter is approximately $2.55 billion, representing an increase from $2.17 billion recorded a year ago, based on data from Benzinga Pro. In its previous earnings report on July 29, Seagate exceeded market expectations for the fourth quarter.
Current Stock Performance
Despite positive financial outlooks, Seagate shares experienced a decline of 1.6%, closing at $230.32 on Monday. Investors and analysts alike are keenly observing upcoming developments.
Analyst Ratings Overview
In advance of the earnings call, several analysts have updated their ratings and price targets for Seagate:
- Timothy Arcuri (UBS): Maintained a Neutral rating; increased price target from $155 to $235. Accuracy rate: 82% (October 20, 2025).
- Vijay Rakesh (Mizuho): Maintained an Outperform rating; raised price target from $245 to $280. Accuracy rate: 79% (October 17, 2025).
- Ananda Baruah (Loop Capital): Maintained a Buy rating; boosted price target from $200 to $350. Accuracy rate: 77% (October 16, 2025).
- Matt Bryson (Wedbush): Maintained an Outperform rating; increased price target from $175 to $260. Accuracy rate: 85% (October 16, 2025).
- Asiya Merchant (Citigroup): Maintained a Buy rating; raised price target from $215 to $250. Accuracy rate: 87% (October 13, 2025).
As analysts adjust forecasts ahead of the earnings call, investors should consider these insights when evaluating STX stock potential.
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