Wedbush Reiterates Seagate Technology Holdings (STX) Neutral Recommendation
Nasdaq Fintel reports that on September 6, 2023, Wedbush reiterated coverage of Seagate Technology Holdings (NASDAQ:STX) with a Neutral recommendation.
Analyst Price Forecast Suggests 9.11% Downside
As of August 31, 2023, the average one-year price target for Seagate Technology Holdings is 64.74. The forecasts range from a low of 40.40 to a high of $84.00. The average price target represents a decrease of 9.11% from its latest reported closing price of 71.23.
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The projected annual revenue for Seagate Technology Holdings is 9,372MM, an increase of 26.92%. The projected annual non-GAAP EPS is 5.22.
What is the Fund Sentiment?
There are 1215 funds or institutions reporting positions in Seagate Technology Holdings. This is a decrease of 46 owner(s) or 3.65% in the last quarter. Average portfolio weight of all funds dedicated to STX is 0.18%, a decrease of 11.57%. Total shares owned by institutions decreased in the last three months by 2.52% to 200,317K shares. The put/call ratio of STX is 1.31, indicating a bearish outlook.
