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Home/News Feed/Bernstein raises Seagate target to $620, sees recent selloff as a buying opportunity amid strong fundamentals.
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Bernstein raises Seagate target to $620, sees recent selloff as a buying opportunity amid strong fundamentals.

Analyst Insights
31 Mar 2026
24/7 Wall Street
View Source
Bullish
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Bernstein upgraded Seagate Technology's price target from $500 to $620, maintaining an Outperform rating despite a recent selloff triggered by fears around Google's TurboQuant AI model. The firm argues that the selloff is an overreaction, with no real impact expected on hard disk drive demand, making the current dip an attractive entry point. Seagate's strong Q2 results, including record gross margins and rising free cash flow, support this bullish outlook. However, risks remain from insider selling, tariff uncertainties, and market volatility.

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