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How High Does Wall Street Think Seagate Technology PLC (STX) Stock Can Go?

Monday, December 09, 2019 02:28 PM | InvestorsObserver Analysts

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How High Does Wall Street Think Seagate Technology PLC (STX) Stock Can Go?

Analysts who follow Seagate Technology PLC (STX) on average expect it to fall -6.68% over the next twelve months. Those same analysts give the stock an average rating of Hold.

That average rating puts STX higher than 6 of stocks, based on data compiled by InvestorsObserver.

Click Here to get the full report on Seagate Technology PLC (STX) Stock.

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Seagate Technology PLC Stock Today?

Seagate Technology PLC (STX) stock is trading at $57.11 as of 2:15 PM on Monday, Dec 9, a drop of -$1.88, or -3.19% from the previous closing price of $58.99. The stock has traded between $56.02 and $58.47 so far today. Volume today is more active than usual. So far 3,934,234 shares have traded compared to average volume of 2,077,681 shares.

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