Seagate price target raised to $245 from $160 at Mizuho

Mizuho raised the firm’s price target on Seagate (STX) to $245 from $160 and keeps an Outperform rating on the shares. The firm’s supply chain channel checks indicate tight supply and price improvements in the NAND and hard disk drive markets. NAND pricing is improving into the second half of 2025 with hard disk drive prices potentially up too as lead times extend, the analyst tells investors in a research note. Mizuho continues to see upside in the storage market and increased price targets across the sector.