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The latest announcement is out from Seagate Tech ( (STX) ).
On November 13, 2025, Seagate Technology announced the completion of privately negotiated exchanges involving $500 million of Seagate HDD’s 3.50% Exchangeable Senior Notes due 2028. These exchanges, which were finalized on November 10 and 12, 2025, resulted in the retirement of the notes in exchange for approximately $503.4 million in cash and 4.3 million ordinary shares of Seagate stock. This transaction, conducted as a private placement, leaves approximately $1 billion of notes outstanding with unchanged terms, potentially impacting Seagate’s financial structure and market positioning.
The most recent analyst rating on (STX) stock is a Buy with a $340.00 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 Outperform.
Seagate Technology’s stock score is driven by strong earnings performance and bullish technical indicators. However, financial risks due to high leverage and a high P/E ratio limit the score. The optimistic earnings outlook and technological advancements in HAMR technology are significant positives.
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, Seagate has shipped more than four billion terabytes of data capacity.
Average Trading Volume: 4,369,232
Technical Sentiment Signal: Buy
Current Market Cap: $60.49B
Learn more about STX stock on TipRanks’ Stock Analysis page.