Zacks cuts Seagate stock from Strong Buy to Hold

Published on 10/01/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 3.63 billion in fiscal Q4 2026. Seagate stock costs EUR 823.00 on October 1, 2026, plus 1.11 percent versus EUR 814.00.

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Seagate Technology Holdings plc (ISIN IE00BKVD2N49) was downgraded by Zacks Research from strong buy to hold, a change MarketBeat reported on September 30, 2026. The stock was trading at EUR 823.00 at Lang & Schwarz on October 1, 2026 at 11:27 a.m. CEST, up 1.11 percent versus the prior close of EUR 814.00.

Strong results meet a rating cut

The downgrade contrasts with Seagate's latest operating figures. According to MarketBeat, the company reported USD 3.63 billion of revenue in its fiscal fourth quarter of 2026, up 48.50 percent from the same quarter a year earlier. Quarterly earnings per share reached USD 5.71 against consensus of USD 5.10.

The comparison is material because revenue exceeded the USD 3.50 billion consensus estimate by USD 130.00 million. MarketBeat also reported fiscal first-quarter 2027 adjusted earnings-per-share guidance of USD 7.10 to USD 7.50, keeping the forward earnings debate centered on execution rather than a single quarter.

Analyst consensus stays constructive

Zacks Research was the latest named rating change in the cited coverage, but the broader analyst picture remained more positive. MarketBeat reported 22 buy ratings, one strong-buy rating and four hold ratings, with an average target of USD 986.00.

That target is quoted in US dollars and therefore is not a direct comparison with the Lang & Schwarz euro price. The contrast between the hold downgrade and the 22 buy ratings gives investors a clear measure of disagreement around Seagate's valuation after its recent earnings acceleration.

Storage demand raises the stakes

Seagate's business is tied to mass-capacity storage for data centers, enterprise systems and consumers. Its Nasdaq-listed shares had a 52-week range of USD 209.00 to USD 1,145.00 and a market capitalization of USD 206.8 billion as of September 30, 2026.

The next measurable test is the fiscal first-quarter outlook. Revenue guidance of USD 4.10 billion at the midpoint would stand above the USD 3.63 billion fiscal fourth-quarter result, while the USD 7.10 to USD 7.50 adjusted earnings-per-share range sets a substantially higher earnings bar.

Seagate stock trades in the afternoon

At Lang & Schwarz, Seagate stock was trading at EUR 823.00 on October 1, 2026 at 11:27 a.m. CEST, plus 1.11 percent against the EUR 814.00 prior close at Lang & Schwarz dated September 30, 2026. The current quote sits alongside a USD 206.8 billion market capitalization and a USD 209.00 to USD 1,145.00 Nasdaq 52-week range, each dated September 30, 2026.

The further course of trading is shown by the continuously updated real-time quote of Seagate stock.