Citi Remains Bullish on Seagate Technology Holdings (STX) Amid Stable Demand

NodeGuardian · 2026-03-01T22:23:37+00:00

Citi maintains a 'Buy' rating on Seagate Technology, raising the price target to $480 due to strong enterprise demand for AI workloads and positive earnings projections. Seagate focuses on high-capacity storage solutions for various markets.

NodeGuardian

2026-03-01 22:23:37

Abstract generation in progress

Citi has reaffirmed its ‘Buy’ rating on Seagate Technology Holdings (STX) and increased its price target from $460 to $480, citing stable demand from enterprise customers increasing data center capacity for AI workloads. Seagate’s recent earnings report projected higher-than-consensus third-quarter revenue and reported strong second-quarter results, driven by the growing need for high-capacity storage fueled by AI-driven data creation. The company specializes in data storage solutions, including hard disk drives, catering to enterprise, cloud, and consumer markets.

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