Wells Fargo maintains overweight on Seagate, cuts target to $865

0 min read | Published on 16 Oct 2026, 11:14 PM |Updated on 16 Oct 2026, 11:14 PM

Reviewed by

Suketu GScanX News Team

Add as a preferred
source on Google

Key Highlights

Wells Fargo maintains Overweight rating on Seagate Technology Holdings
Price target lowered from $1,180 to $865
Analyst Joe Quatrochi issued the revised recommendation

*this image is generated using AI for illustrative purposes only.

Wells Fargo analyst Joe Quatrochi maintained an Overweight rating on Seagate Technology Holdings while lowering the price target from $1,180 to $865.

The adjustment reflects a significant reduction in the projected valuation range for the data storage company. Despite the cut in the price target, the firm retains its positive stance on the stock's long-term outlook.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific market headwinds or demand shifts prompted the $315 reduction in Seagate's price target?

How might this valuation adjustment influence institutional investor sentiment toward other major data storage competitors like Western Digital?

Will the revised price target impact Seagate's upcoming capital expenditure plans for next-generation hard drive technologies?

View Company Insights

View All News

Seagate Technology delivers 34% annual return over past decade

0 min read | Published on 16 Oct 2026, 09:28 PM |Updated on 16 Oct 2026, 09:28 PM

Reviewed by

Ritika DScanX News Team

Add as a preferred
source on Google

Key Highlights

Average annual return of 34.0% over 10 years
Outperformed the market by 20.35% on an annualized basis
$1000 initial investment grew to $19,027.10
Current market capitalization stands at $161.72 billion
Share price recorded at $655.54 at time of writing

*this image is generated using AI for illustrative purposes only.

Seagate Technology Holdings has outperformed the market by 20.35% on an annualized basis over the last 10 years, producing an average annual return of 34.0%.

Investment Growth Over Ten Years

An investor who purchased $1000 of Seagate Technology Holdings (STX) stock 10 years ago would see that investment valued at $19,027.10 today. This valuation is based on a share price of $655.54 at the time of writing.

Market Capitalization and Performance

The company currently holds a market capitalization of $161.72 billion. The significant growth in value highlights the impact of compounded returns on cash growth over an extended period.

What the Numbers Show

The data indicates a strong correlation between long-term holding and substantial capital appreciation for this specific asset. The divergence between the 34.0% average annual return and the 20.35% market outperformance suggests the stock's performance was driven by factors distinct from general market trends during this period.

Metric	Value
Average Annual Return	34.0%
Market Outperformance	20.35%
Initial Investment	$1000
Current Value	$19,027.10
Current Share Price	$655.54
Market Capitalization	$161.72 billion