Seagate Technology Upgraded by Benchmark and Summit Insights on Optimistic Outlook

Seagate Technology Upgraded from "Hold" to "Buy" by two analysts

Jan 22, 2025

Summary

The analysts saw external and internal factors in Seagate build Seagate's prospect in the future.

Fremont, CA, January 22, 2025 – Seagate Technology Holdings PLC (STX, Financial) has garnered positive attention today as both Benchmark Company and Summit Insights upgraded the stock from “Hold” to “Buy”, citing growing demand for the products and improving internal operational efficiency as key factors.

Benchmark Company upgraded Seagate and from "Hold" to "Buy" with price target of $120. The analyst
highlighted Seagate's high-capacity storage will gain amid the AI and cloud computing boom.

Summit Insights also upgraded Seagate from "Hold" to "Buy" with no price target, the analyst saw Seagate's
improving profitability and operational efficiency as key factors for optimism.

The average of consensus recommendation from 26 brokerage firms is currently 2.3, indicating status Outperform which is between Hold and Buy. While the range of target price for Seagate is $116.54, indicating 5.63% upside from the current price of $110.33.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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