Movement Alert｜Seagate Technology PLC Rises 3.12% in Pre-Market Trading, BNP Paribas Raises Target Price to $1,275

Market Focus08-04

On August 4, Seagate Technology PLC rose 3.12% in pre-market trading, trading at $854.06/share, with turnover of $2.0003 million.

On the news front, BNP Paribas maintained its Outperform rating and raised its target price from $1,050 to $1,275, implying approximately 58% upside from current levels. The bank noted that AI demand growth is outpacing Seagate's annual 25% EB shipment growth target, positioning the company to secure favorable pricing terms on both nearline and non-nearline products, potentially extending the industry upcycle.

The upgrade follows a series of bullish analyst actions. Citigroup raised its target to $1,300, JPMorgan to $1,240, and Barclays to $1,250, reflecting broad institutional confidence in AI-driven data storage demand. Seagate's fiscal Q4 earnings underpinned the optimism, with revenue of $3.63 billion representing 48% year-over-year growth, adjusted EPS of $5.71 surging 120%, and gross margin reaching a record 52.7%. The stock had previously pulled back alongside the broader storage sector on August 3 after accumulating over 20% gains following earnings, with the current pre-market rebound suggesting renewed buying interest.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174579541?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-04 16:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174579541","market":"us","top_or_hot":-1,"title":"Movement Alert｜Seagate Technology PLC Rises 3.12% in Pre-Market Trading, BNP Paribas Raises Target Price to $1,275","media":"Market Focus","content":"<p><p>On August 4, Seagate Technology PLC rose 3.12% in pre-market trading, trading at $854.06/share, with turnover of $2.0003 million.</p><p>On the news front, BNP Paribas maintained its Outperform rating and raised its target price from $1,050 to $1,275, implying approximately 58% upside from current levels. The bank noted that AI demand growth is outpacing Seagate's annual 25% EB shipment growth target, positioning the company to secure favorable pricing terms on both nearline and non-nearline products, potentially extending the industry upcycle.</p><p>The upgrade follows a series of bullish analyst actions. Citigroup raised its target to $1,300, JPMorgan to $1,240, and Barclays to $1,250, reflecting broad institutional confidence in AI-driven data storage demand. Seagate's fiscal Q4 earnings underpinned the optimism, with revenue of $3.63 billion representing 48% year-over-year growth, adjusted EPS of $5.71 surging 120%, and gross margin reaching a record 52.7%. The stock had previously pulled back alongside the broader storage sector on August 3 after accumulating over 20% gains following earnings, with the current pre-market rebound suggesting renewed buying interest.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Seagate Technology PLC Rises 3.12% in Pre-Market Trading, BNP Paribas Raises Target Price to $1,275</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Seagate Technology PLC Rises 3.12% in Pre-Market Trading, BNP Paribas Raises Target Price to $1,275\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-04 16:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 4, Seagate Technology PLC rose 3.12% in pre-market trading, trading at $854.06/share, with turnover of $2.0003 million.</p><p>On the news front, BNP Paribas maintained its Outperform rating and raised its target price from $1,050 to $1,275, implying approximately 58% upside from current levels. The bank noted that AI demand growth is outpacing Seagate's annual 25% EB shipment growth target, positioning the company to secure favorable pricing terms on both nearline and non-nearline products, potentially extending the industry upcycle.</p><p>The upgrade follows a series of bullish analyst actions. Citigroup raised its target to $1,300, JPMorgan to $1,240, and Barclays to $1,250, reflecting broad institutional confidence in AI-driven data storage demand. Seagate's fiscal Q4 earnings underpinned the optimism, with revenue of $3.63 billion representing 48% year-over-year growth, adjusted EPS of $5.71 surging 120%, and gross margin reaching a record 52.7%. The stock had previously pulled back alongside the broader storage sector on August 3 after accumulating over 20% gains following earnings, with the current pre-market rebound suggesting renewed buying interest.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STX","symbol_name":"希捷科技","start_time":0,"source_url":"","article_id":"1174579541","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174579541","pubTimestamp":1785831185,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 4, Seagate Technology PLC rose 3.12% in pre-market trading, trading at $854.06/share, with turnover of $2.0003 million.On the news front, BNP Paribas maintained its Outperform rating and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STX":"希捷科技"},"translate_title":"走势警报|希捷科技有限公司盘前交易上涨3.12%，法国巴黎银行将目标价上调至1,275美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STX":1},"content_text":"On August 4, Seagate Technology PLC rose 3.12% in pre-market trading, trading at $854.06/share, with turnover of $2.0003 million.On the news front, BNP Paribas maintained its Outperform rating and raised its target price from $1,050 to $1,275, implying approximately 58% upside from current levels. The bank noted that AI demand growth is outpacing Seagate's annual 25% EB shipment growth target, positioning the company to secure favorable pricing terms on both nearline and non-nearline products, potentially extending the industry upcycle.The upgrade follows a series of bullish analyst actions. Citigroup raised its target to $1,300, JPMorgan to $1,240, and Barclays to $1,250, reflecting broad institutional confidence in AI-driven data storage demand. Seagate's fiscal Q4 earnings underpinned the optimism, with revenue of $3.63 billion representing 48% year-over-year growth, adjusted EPS of $5.71 surging 120%, and gross margin reaching a record 52.7%. The stock had previously pulled back alongside the broader storage sector on August 3 after accumulating over 20% gains following earnings, with the current pre-market rebound suggesting renewed buying interest.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174579541","isCrawlerRequest":true}