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The latest announcement is out from Seagate Tech ( (STX) ).
On November 4, 2025, Seagate Technology and its subsidiary, Seagate HDD Cayman, entered into privately negotiated exchange agreements with holders of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028. The agreements involve exchanging $500 million in principal amount of notes for approximately $503.4 million in cash and a number of Seagate’s ordinary shares. The exchanges are expected to be completed by November 10, 2025, and will result in the retirement of the exchanged notes, leaving approximately $1.0 billion in notes outstanding.
The most recent analyst rating on (STX) stock is a Buy with a $275.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Neutral.
Seagate Technology’s overall stock score is driven by strong earnings call performance and positive technical indicators, reflecting growth potential. However, financial risks due to high leverage and a high P/E ratio suggest caution. The company’s strategic focus on HAMR technology and data center demand supports a positive outlook, but financial stability remains a concern.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
Seagate Technology is a leading innovator in mass-capacity data storage, offering a comprehensive portfolio of storage devices, systems, and services from edge to cloud. Founded over 45 years ago, the company has shipped over four billion terabytes of data capacity.
Average Trading Volume: 4,154,590
Technical Sentiment Signal: Buy
Current Market Cap: $53.47B
For a thorough assessment of STX stock, go to TipRanks’ Stock Analysis page.