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Seagate Technology PLC 33.8% Potential Upside Now Implied by Maxim Group

Seagate Technology PLC using SYMBOL code NASDAQ:STX had its stock rating noted as ‘Coverage Reiterated’ with the recommendation being set at ‘BUY’ this morning by analysts at Maxim Group. Seagate Technology PLC are listed in the Technology sector within NASDAQ. Maxim Group have set a target price of 64 USD on its stock. This would indicate that the analyst believes there is a potential upside of 33.8% from the opening price of 47.84 USD. Seagate Technology PLC NASDAQ:STX has a 50 day moving average of 53.64 USD and the 200 Day Moving Average price is recorded at 59.12 USD. The 52 week high for the stock is 69.4 USD while the 52 week low for the share price 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.