Cantor Fitzgerald keeps Overweight on Seagate with $1000 price target
Per TradingView, Cantor Fitzgerald reiterated Overweight on Seagate Technology with a $1000 target, implying 49.7% upside from the October 27 close.
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what happened
Analysts at Cantor Fitzgerald kept their «Overweight» recommendation on Seagate Technology and set a $1000 price target. According to TradingView, citing the broker's note, that implies 49.7% upside from the October 27 close, when the shares ended at $667.85.
The note says Seagate is expected to generate free cash flow of $9.5 billion in CY27 and $14.0 billion in CY28. The bank sees this cash supporting aggressive share buybacks.
Demand for hard disk drives is outpacing supply, and long-term agreements with major customers run through CY30. Rising average selling prices and improving gross margins, analysts say, support the rating.
why it matters
For the market, this is one of many analyst updates on the tech sector. The rating and price target reflect one bank's view, not a forecast. Investors will watch HDD demand trends and the company's cash flow and buyback reports more closely.
tags
instruments
sources
- Cantor Fitzgerald reiterates Overweight rating on Seagate Technology Hldgs, $1000 price target — TradingView, 28 October 2026 at 11:20 UTC
- Cantor Fitzgerald reiterates Overweight rating on NXP Semiconductors, $400 price target — TradingView, 28 October 2026 at 11:16 UTC
- Wedbush reiterates Outperform rating on Seagate Technology Hldgs, $1000 price target — TradingView, 28 October 2026 at 12:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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