Evercore ISI Raises its Price Target on Seagate (STX)

On May 12, 2026, Evercore ISI raised the firm’s terms people connected Seagate Technology Holdings plc (NASDAQ:STX) to $1,000 from $750 portion maintaining an Outperform standing connected the shares. The steadfast said Seagate’s semipermanent maturation outlook remains favorable, supported by disciplined proviso management, continued exertion advancements, and a beardown request environment.

On May 6, 2026, Seagate Technology Holdings plc (NASDAQ:STX) announced that Mike Cannon, the company’s Lead Independent Director, plans to discontinue from the Board of Directors astatine the extremity of his existent word successful October 2026. Cannon has served connected Seagate’s committee since 2011, including anterior roles arsenic Board Chair and Lead Independent Director. Cannon said helium was arrogant of Seagate’s longstanding absorption connected exertion innovation and operational execution to code increasing planetary information retention needs, adding that helium believes the institution is well-positioned to grow its relation successful the information retention marketplace implicit the coming decade.

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Seagate Technology Holdings plc (NASDAQ:STX) provides information retention exertion and infrastructure solutions globally.

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