Blurbs

Seagate Tech (STX) Receives a Sell from Susquehanna

In a report released today, Mehdi Hosseini from Susquehanna reiterated a Sell rating on Seagate Tech (STXResearch Report), with a price target of $38.00. The company’s shares opened today at $57.87.

According to TipRanks, Hosseini is a 5-star analyst with an average return of 12.6% and a 59.14% success rate. Hosseini covers the Technology sector, focusing on stocks such as Seagate Tech, Micron, and Super Micro Computer.

The word on The Street in general, suggests a Hold analyst consensus rating for Seagate Tech with a $63.19 average price target.

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The company has a one-year high of $114.35 and a one-year low of $47.47. Currently, Seagate Tech has an average volume of 2.7M.

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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.

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