Seagate Technology (STX) PT Raised to $133 at Morgan Stanley

Morgan Stanley analyst Erik Woodring raised the price target on Seagate Technology (NASDAQ: STX) to $133.00 (from $115.00) while maintaining a Overweight rating.

The analyst comments "Despite recent outperformance, we see further room for STX shares to run as our new forecast implies 33-40% upside vs. Street EPS in FY25/26, a function of strong HDD supply/demand driving pricing growth/margin expansion. We now see peak EPS of ~$15 vs. $11 previously. PT to $133; Remain OW."

You May Also Be Interested In

• Fox Advisors Downgrades Seagate Technology (STX) to Equalweight
• Regenxbio Inc. (RGNX) PT Raised to $32 at Baird
• Eledon Pharamceuticals (ELDN) PT Raised to $7 at Leerink