In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Seagate Tech (STX – Research Report), with a price target of $120.00. The company’s shares closed yesterday at $86.73.

According to TipRanks, Daryanani is a 5-star analyst with an average return of 10.3% and a 52.77% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Seagate Tech.

Currently, the analyst consensus on Seagate Tech is a Moderate Buy with an average price target of $122.31, implying a 41.02% upside from current levels. In a report released on March 11, Bank of America Securities also reiterated a Buy rating on the stock with a $112.00 price target.

STX market cap is currently $18.41B and has a P/E ratio of 15.81.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STX in relation to earlier this year. Last month, William Mosley, the CEO of STX sold 10,802.00 shares for a total of $1,020,902.57.