Seagate Tech Announces $5 Billion Share Buyback

The latest update is out from Seagate Tech ( (STX) ).

On May 21, 2025, Seagate Technology Holdings plc announced the approval of a $5 billion share repurchase program by its board of directors. This move is part of the company’s strategy to enhance shareholder value and reflects its strong financial position. The repurchase program is flexible, allowing for various methods of share acquisition, and does not have an expiration date. The company is also hosting an analyst and investor day in New York City to discuss this approval and outline new financial targets through fiscal year 2028.

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 Holdings plc operates in the data storage industry, primarily offering hard disk drives and storage solutions. The company focuses on providing data management solutions to a wide range of markets, including enterprise, cloud, and consumer segments.

Average Trading Volume: 4,204,115

Technical Sentiment Signal: Strong Buy

Current Market Cap: $22.7B

For detailed information about STX stock, go to TipRanks’ Stock Analysis page.