An analyst has reiterated a Strong Buy rating on Seagate Technology, increasing the price target from $1410 to $1624 per share. The upgrade is driven by strong demand for AI data center storage, new product cycles including Mozaic and HAMR, improved operating leverage, and a stronger balance sheet. Seagate's valuation has become more attractive, trading at about 25.8 times forward non-GAAP earnings compared to nearly 57 times previously. Key risks include potential margin normalization, execution challenges with new products, and valuation pressure.
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
