Seagate stock: Morgan Stanley raises target from USD 1,187 to USD 1,200

Published on 10/23/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seagate reports fiscal first-quarter results on October 27, 2026. Seagate stock costs EUR 573.00 on October 23, 2026.

Analyst target and reporting date

Morgan Stanley lifted its Seagate target to USD 1,200 from USD 1,187 on October 20, 2026.
Seagate will report fiscal first-quarter 2027 results on October 27, 2026.
Seagate stock costs EUR 573.00 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST.

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Seagate stock (ISIN IE00BKVD2N49) enters the next earnings test with Morgan Stanley's USD 1,200 target, raised from USD 1,187 on October 20, 2026. According to CNBC, the bank kept an Overweight rating and cited firm demand for hard disk drives. Seagate was trading at EUR 573.00 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST.

Demand supports the higher target

Morgan Stanley analyst Erik Woodring said on October 20, 2026 that stronger demand and pricing checks supported the prospect of earnings upside. The report described hard-disk-drive demand as stronger than supply and argued that the market had priced in an overly pessimistic end to the cycle, according to CNBC.

Nasdaq range sets the frame

Seagate was last quoted at USD 643.54 on the Nasdaq at 10:27 a.m. ET on October 23, 2026. The 52-week range was USD 217.67 to USD 1,145.00, while market capitalization stood at USD 146.3 billion and the price-to-earnings ratio was 46.42 at that timestamp.

October 27 brings the next test

Seagate will report fiscal first-quarter 2027 results after the US market closes on October 27, 2026, with a conference call scheduled for 5:00 p.m. ET. The company named that date in an announcement published on October 14, 2026, which identified Seagate as listed on Nasdaq under STX; the release is available from Seagate.

Target distance adds a measurable hurdle

Using the Nasdaq price of USD 643.54 and Morgan Stanley's USD 1,200 target, the target lies 86.48 percent above the price. The comparison places the analyst view well above the current quotation, while the upcoming report provides the next dated test for demand, pricing and profitability.

The euro quote after the Xetra session

Seagate was trading at EUR 573.00 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST. The Nasdaq quotation was USD 643.54 at 10:27 a.m. ET on the same date.

The further course of trading is shown by the continuously updated real-time quote of Seagate stock.