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Seagate price target raised to $145 from $135 at BofA

BofA raised the firm’s price target on Seagate (STX) to $145 from $135 and keeps a Buy rating on the shares. The analyst walked away from the 2025 BofA Global Technology Conference more bullish on the Hard Disk Drive industry as the firm expects increasing hyperscaler demand to outpace Exabyte production growth over the next few quarters, the analyst tells investors.

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