The double upgrade adds bullish momentum, but given Seaport's weak track record and pervasive insider selling, treat this as a tactical signal only. Look for confirmation from higher-accuracy firms or a pullback toward the $310-330 support zone before adding exposure.
Price Chart
Executive Summary
Seaport Global double upgraded this stock from Neutral to Buy on May 6, 2026, setting a $430 price target. The stock trades at $355.26, implying 21% upside — well above the consensus mean target of $312. This is a rare bullish call from a firm with only 50% accuracy on 2 rated calls. Consensus is heavily bullish: 45 Buy/Strong Buy vs 13 Hold and 1 Sell among 59 analysts. However, the current price is already 14% above the consensus mean target. EPS revisions are positive — current quarter estimates up 2% in 30 days — and analyst momentum is supportive (3 upgrades, 2 downgrades). Insider selling is heavy ($20.4M from the CTO in April), while institutional flows are mixed (new Norges Bank position but trims from BofA and Wells Fargo). Short interest is elevated at 58.3% of float. Seaport's double upgrade carries limited credibility given the small sample, but the broader bull case is supported by rising estimates. The divergence between price action and consensus targets warrants caution.
Impact Score
Consensus & Targets
45 of 59 analysts (76%) rate the stock Buy or Strong Buy, 13 Hold, 1 Sell. The consensus is clearly bullish, but it's worth noting the mean target of $312 is below the current price of $355.26, implying the street sees limited upside from here.
Mean price target: $312.28, median: $305, high: $455, low: $225. Current price $355.26 is 14% above the mean. Seaport Global's $430 target is in the top quartile (above 75% of targets) and 38% above consensus mean. Only 4 other firms have targets above $430.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-06 | Keybanc | maintain | Overweight | $530.00 |
| 2026-05-06 | Mizuho | maintain | Outperform | $415.00 |
| 2026-05-06 | Rosenblatt | maintain | Buy | $490.00 |
| 2026-05-06 | Wedbush | maintain | Outperform | $450.00 |
| 2026-05-06 | DA Davidson | maintain | Buy | $425.00 |
| 2026-05-06 | Seaport Global | upgrade | Buy | $430.00 |
| 2026-05-06 | Stifel | maintain | Buy | $450.00 |
| 2026-05-06 | Morgan Stanley | maintain | Equal-Weight | $410.00 |
| 2026-05-06 | Goldman Sachs | upgrade | Buy | $450.00 |
| 2026-05-04 | HSBC | downgrade | Hold | $340.00 |
Over the past 30 days: 3 upgrades, 2 downgrades. EPS revisions are positive — this quarter's estimate rose 2.0% (from $1.41 to $1.44) and next year's estimate rose 4.0% (from $10.79 to $11.22). 14 upward revisions vs 2 downward in the past 30 days for the current fiscal year.
Firm Track Record — Seaport Global
Seaport Global accuracy: 51% on 239 calls | avg return: 1.5%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Bernstein | 100% | 2/2 | 65.5% | top tier |
| Raymond James | 100% | 2/2 | 58.8% | top tier |
| Melius Research | 100% | 3/3 | 8.3% | top tier |
| Wolfe Research | 100% | 2/2 | -11.5% | top tier |
| HSBC | 83% | 5/6 | 17.6% | top tier |
| Barclays | 71% | 5/7 | 21.8% | top tier |
| Goldman Sachs | 67% | 2/3 | 4.1% | top tier |
| Stifel | 60% | 3/5 | 25.5% | above average |
| Mizuho | 57% | 8/14 | 12.3% | above average |
| B of A Securities | 55% | 6/11 | 21% | above average |
Seaport Global has a 50% accuracy rate on 2 calls with an average return of 58.9% — but the sample size is too small to be meaningful. Top-tier firms on this stock by accuracy: Bernstein (100% on 2 calls, avg return 65.5%), Raymond James (100% on 2, avg 58.8%), Melius Research (100% on 3, avg 8.3%). Worst: Benchmark and Evercore (44% on 9 calls each).
Earnings Estimates
Next earnings: Aug 3, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $1.44 | $1.26 — $1.71 | $10.5B | ↑3 ↓0 |
| +1y | $11.22 | $7.40 — $14.26 | $69.0B | ↑2 ↓0 |
| +1q | $1.71 | $1.39 — $2.05 | $11.9B | ↑3 ↓0 |
| 0y | $6.76 | $5.60 — $7.95 | $46.9B | ↑3 ↓0 |
Cross-Platform Signals
Insiders have been heavy sellers: CTO Mark Papermaster sold ~$20.4M in April; CEO Lisa Su sold $3.2M in March. Congressional trades are mixed (2 sells, 1 buy, all small). Institutional: Norges Bank opened a massive $4.9B position, FMR increased 63.3%, but Bank of America trimmed 37.9% and Wells Fargo trimmed 45.2%. Short interest is 10.3M shares, with a short ratio of 58.3% (likely percent of float) — elevated. Divergence: Strong bullish analyst momentum and rising estimates vs heavy insider selling and institutional trimming.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Insider Cluster | $465.58 $477.57 | ▼ −2.58% | ▼ −2.47% | $633.75 (−36.12%) |
Aug 26, 2026 5w ago | Insider Cluster | $476.67 $456.16 | ▼ −4.30% | ▼ −4.57% | $633.75 (+32.95%) |
Aug 21, 2026 6w ago | ANALYST-UPGRADE | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $633.75 (+33.91%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $633.75 (+33.91%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▼ −1.62% | ▼ −2.09% | $633.75 (+33.91%) |
Aug 20, 2026 6w ago | Insider Cluster | $473.25 $465.58 | ▲ +1.62% | ▲ +2.09% | $633.75 (−33.91%) |
Aug 18, 2026 6w ago | Insider Cluster | $466.42 $480.93 | ▲ +3.11% | ▲ +3.50% | $633.75 (+35.88%) |
Aug 18, 2026 6w ago | Insider Cluster | $484.13 $479.18 | ▼ −1.02% | ▼ −0.82% | $633.75 (+30.91%) |
Aug 18, 2026 6w ago | Insider Cluster | $484.39 $479.18 | ▲ +1.08% | ▲ +0.87% | $633.75 (−30.83%) |
Aug 17, 2026 6w ago | 8-K | $484.39 $479.18 | ▼ −1.08% | ▼ −0.87% | $633.75 (+30.83%) |
US Market Status
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