Goldman Sachs analyst James Schneider raised the firm’s price target on Seagate (STX) to $385 from $310 and keeps a Buy rating on the shares. Seagate is expected to trade higher following strong quarterly results, upbeat guidance, and positive forward commentary, supported by tight HDD supply and robust hyperscaler demand, the analyst tells investors in a research note. The firm sees peak earnings potential benefiting from constrained capacity and firm pricing trends.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STX:
- Seagate price target raised to $500 from $400 at Cantor Fitzgerald
- Seagate price target raised to $385 from $335 at UBS
- Seagate price target raised to $450 from $400 at BofA
- Seagate Technology: Capitalizing on AI-Driven Storage Demand and HAMR Transition to Support Margin Expansion and Upside Potential
- Seagate price target raised to $460 from $385 at Citi