Seagate Technology Holdings plc (STX) earnings on April 28, 2026
More Seagate Technology Holdings plc earnings
Prior outlook: Optimistic Outcome: Accurate
The stock jumped sharply after earnings, climbing as much as 20% during the day before settling 11% higher at close.
STX price around the earnings
643.77
Change: +11.1%
2026-04-29, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
Strong momentum, but expectations appear crowded.
This stock shows strong upward momentum and positive news, but expectations may be too high after its recent sharp increase. Analysts' price targets are also below the current stock price.
Context analyzed before publication
- Summary
- Strong momentum, but expectations appear crowded.
- Playbook
- Given the strong run-up and analyst targets below the current price, the scenario suggests caution. The data points to a potential pullback or a clearer context before considering new investments.
- Trend
- Strong momentum, upbeat headlines, crowded expectations.
Analysts
Drivers
-
Analysts
Negative
The average price target from analysts indicates a potential downside of over 7%, suggesting the stock is currently market review above many experts' expectations.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.58
- Analysts covering the stock
- 22
- Average price target
- 518.93
- Lowest price target
- 375
- Highest price target
- 700
- Upside to price target
- -7.3%
- Quarterly earnings growth
- 76.5%
- Revenue growth
- 21.5%
- Forward EPS
- 20.59
- Trailing EPS
- 8.85
- Analyst moves in the last 60 days
- 7
- Strong buy: 3
- Buy: 16
- Hold: 4
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 16
- Hold
- 4
- Sell
- 0
- Strong sell
- 1
- April 21, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 20, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- April 16, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- April 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 6, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- March 31, 2026 · Bernstein: Maintains rating (Outperform → Outperform)
- March 30, 2026 · JP Morgan: Initiates coverage (Overweight)
News and sentiment
Drivers
-
News & sentiment
Negative
Positive news and excitement around artificial intelligence are driving strong investor sentiment. However, headlines about massive stock gains and high expectations suggest a risk of a 'sell the news' event.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (7)
- UBS Maintains Neutral on Seagate Technology Hldgs, Raises Price Target to $515 — Benzinga
- B of A Securities Maintains Buy on Seagate Technology Hldgs, Raises Price Target to $605 — Benzinga
- This AI Stock Rocketed 700% — Billionaire Lewis Sanders Is Cashing In (And It's Not Nvidia) — Benzinga
- Nvidia's AI Reign Under Threat: These 4 Memory Stocks Are Now Leading The Chip Rally — Benzinga
- Citigroup Maintains Buy on Seagate Technology Hldgs, Raises Price Target to $595 — Benzinga
- Wasabi Technologies To Acquire Seagate's Lyve Cloud Business; Terms Not Disclosed, Seagate To Receive Wasabi Equity — Benzinga
- Here's How Much You Would Have Made Owning Seagate Technology Hldgs Stock In The Last 20 Years — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock has experienced significant price increases and has outperformed the market over the last 14 and 30 days.
-
Technical
Negative
The stock has less room to reach key resistance levels compared to the potential downside to key support levels.
Evidence
- Average true range (ATR)
- 4.6%
- Distance to 52-week high
- -1.4%
- 14-day change (14d)
- +32.2%
- 30-day change
- +45.6%
- 30-day relative strength
- +41.9%
- Benchmark change
- +3.8%
- Nearest support
- 352.4
- Nearest resistance
- 567.5
- Volume accumulation ratio
- 0.77
Trends
Evidence
- Average earnings surprise
- +8.4%
- January 27, 2026: actual EPS 3.11 vs estimate 2.84 (surprise +9.6%)
- October 28, 2025: actual EPS 2.61 vs estimate 2.4 (surprise +8.8%)
- July 29, 2025: actual EPS 2.59 vs estimate 2.44 (surprise +6.0%)
- April 29, 2025: actual EPS 1.9 vs estimate 1.74 (surprise +9.2%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 18 earnings
- Median move
- 7.5%
- 75th percentile move
- 9%
- 90th percentile move
- 13.7%
- Up / down moves
- 12 / 6
- Average up move
- +8.2%
- Average down move
- -6.5%
Monitoring and close
What Seagate Technology Holdings plc reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +11.2%
- Max favorable move (MFE)
- 20%
- Max adverse move (MAE)
- 0%