Benchmark Co. analyst Mark Miller maintained a Buy rating on Seagate Tech (NASDAQ:STX) on Wednesday, setting a price target of $112, which is approximately 31.01% above the present share price of $85.49.
Miller expects Seagate Tech to post earnings per share (EPS) of $1.41 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Seagate Tech, with an average price target of $102.75.
The analysts price targets range from a high of $135 to a low of $83.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.73 billion and a net profit of $384 million. The company's market cap is $19.57 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.1% and a 65.69% success rate.
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.