Home » Reports » USA Broker Ratings » Seagate Technology PLC 28% Potential Upside Now Implied by Needham

Seagate Technology PLC 28% Potential Upside Now Implied by Needham

Seagate Technology PLC using SYMBOL code NASDAQ:STX had its stock rating noted as ‘Reitereated’ with the recommendation being set at ‘STRONG BUY’ this morning by analysts at Needham. Seagate Technology PLC are listed in the Technology sector within NASDAQ. Needham have set a target price of 65 USD on its stock. This is indicating the analyst believes there is a potential upside of 28% from the opening price of 50.79 USD. Seagate Technology PLC NASDAQ:STX has a 50 day moving average of 51.56 USD and the 200 Day Moving Average price is recorded at 58.71 USD. The 1 year high share price is 69.4 USD while the 52 week low for the stock is 44.46 USD.

 

Seagate Technology PLC NASDAQ:STX (Seagate) is the provider of electronic data storage products. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. The Company produces a range of disk drive products addressing enterprise applications, where its products are designed for enterprise servers, mainframes and workstations; client compute applications, where its products are designed for desktop and notebook computers, and client non-compute applications, where its products are designed for a range of end user devices, such as digital video recorders (DVRs), personal data backup systems, portable external storage systems and digital media systems. In April 2014, Seagate completed the acquisition of Xyratex Ltd. In September 2014, Seagate Technology PLC completes acquisition of the assets of LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies Limited.

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