Reported 2 days ago
Bank of America has increased its price target for Seagate Technology (NASDAQ: STX) from $135 to $145, maintaining a Buy rating. This optimism follows insights gained at the 2025 BofA Global Technology Conference, where the analyst expressed a positive outlook on the HDD industry, anticipating that hyperscaler demand will exceed Exabyte production growth in upcoming quarters. Seagate reported strong quarterly revenue and continuous gross margin expansion, positioning itself well within the sector.
Source: YAHOO