Evercore ISI Raises its Price Target on Seagate (STX)

Jeff Lewis

Mon, May 18, 2026 at 11:16 AM EDT 1 min read

Seagate Technology Holdings plc (NASDAQ:STX) is one of the

10 Fastest Growing S&P 500 Stocks to Buy Now.

On May 12, 2026, Evercore ISI raised the firm’s price target on Seagate Technology Holdings plc (NASDAQ:STX) to $1,000 from $750 while maintaining an Outperform rating on the shares. The firm said Seagate’s long-term growth outlook remains favorable, supported by disciplined supply management, continued technology advancements, and a strong demand environment.

On May 6, 2026, Seagate Technology Holdings plc (NASDAQ:STX) announced that Mike Cannon, the company’s Lead Independent Director, plans to retire from the Board of Directors at the end of his current term in October 2026. Cannon has served on Seagate’s board since 2011, including prior roles as Board Chair and Lead Independent Director. Cannon said he was proud of Seagate’s longstanding focus on technology innovation and operational execution to address growing global data storage needs, adding that he believes the company is well-positioned to expand its role in the data storage market over the coming decade.

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Seagate Technology Holdings plc (NASDAQ:STX) provides data storage technology and infrastructure solutions globally.

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