Morgan Stanley raises Seagate stock price target on HDD demand strength

robot
Abstract generation in progress

Morgan Stanley has increased its price target for Seagate Technology (NASDAQ:STX) shares to $582 from $468, maintaining an Overweight rating, due to strengthening hard disk drive (HDD) demand. The firm’s analysis indicates HDD shortages extending through calendar year 2028 and a stronger-than-expected price per terabyte. Western Digital (NASDAQ:WDC) also saw an upward revision in its estimates and has achieved an 870% return over the past year, with analysts expressing growing confidence in the HDD sector’s recovery.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin