Seagate Technology Holdings plc (NASDAQ: STX) is set to announce its fiscal first-quarter earnings after the market closes on Tuesday, October 28. Analysts anticipate that the company will report earnings of $2.40 per share, a notable increase from $1.58 per share reported in the same quarter last year. Furthermore, the consensus forecast for Seagate’s quarterly revenue is pegged at $2.55 billion, compared to $2.17 billion a year prior, as per data sourced from Benzinga Pro.
This follows Seagate’s positive performance in its fourth-quarter financial results reported on July 29, where the company exceeded expectations. However, Seagate shares experienced a slight drop of 1.6%, closing at $230.32 on Monday.
Investor sentiment towards Seagate is reflected in recent analyst ratings, showcasing a generally optimistic outlook. UBS analyst Timothy Arcuri retained a Neutral rating and adjusted the price target upward from $155 to $235 on October 20, 2025. Mizuho’s Vijay Rakesh maintained an Outperform rating, with a price target increase from $245 to $280 on October 17, 2025. Loop Capital’s Ananda Baruah boosted his Buy rating and adjusted the target from $200 to $350, while Wedbush’s Matt Bryson raised his Outperform rating target from $175 to $260, both actions occurring on October 16, 2025. Citigroup’s Asiya Merchant also kept a Buy rating but increased the price target from $215 to $250 on October 13, 2025.
The analyst ratings suggest a collective confidence in Seagate’s future potential, making STX stock an intriguing consideration for investors looking to navigate the current market landscape.