Seagate price target raised to $468 from $372 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Seagate (STX) to $468 from $372 and keeps an Overweight rating on the shares. Demand strength, elongating customer visibility, better price per terrabyte growth, and operating margin expansion are “all surpassing our expectations,” says the analyst, who doesn’t see “this story de-railing anytime soon as data generation, Agentic AI, and video remain sustainable drivers.”