Seagate price target raised to $150 from $125 at Citi

Citi raised the firm’s price target on Seagate (STX) to $150 from $125 and keeps a Buy rating on the shares. The firm is positive on hard disk drive storage and NAND memory into earnings. Solid supply/demand dynamics and long-term tailwinds from artificial intelligence should bring better sentiment on the names, the analyst tells investors in a research note.

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