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An update from Seagate Tech ( (STX) ) is now available.
On May 12, 2025, Seagate Technology Holdings plc announced a private offering of $400 million in senior notes due 2030 through its subsidiary, Seagate Data Storage Technology Pte. Ltd. The proceeds, along with cash on hand, will be used to redeem all outstanding 4.875% Senior Notes due 2027, which is conditional upon receiving sufficient net proceeds from financing transactions. This move is part of Seagate’s strategic financial management to optimize its debt structure.
The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Neutral.
Seagate Tech’s overall score reflects a robust financial outlook with strong cash flow and improving profitability, tempered by balance sheet challenges. The positive earnings call and strategic corporate events bolster future growth prospects, but technical indicators suggest caution due to potential market volatility.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
Seagate Technology is a leading innovator in mass-capacity data storage, offering a comprehensive range of storage devices, systems, and services from edge to cloud. With over 45 years of experience, the company has shipped more than four billion terabytes of data capacity.
Average Trading Volume: 3,994,833
Technical Sentiment Signal: Strong Buy
Current Market Cap: $20.31B
Learn more about STX stock on TipRanks’ Stock Analysis page.
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