Citi Increases Price Targets for Seagate and Western Digital Amid AI-Driven Storage Demand
Citi has raised its price targets for Seagate (STX) and Western Digital (WDC) to $595 and $405, respectively, citing strong demand for storage driven by AI-generated unstructured data. The move reflects sustained supply tightness in the hard disk drive (HDD) market through 2028, giving both companies pricing power. The analyst upgrade adds to a growing wave of bullish sentiment in the storage sector.
Topics: AI demand analyst activity price targets Seagate storage sector Western Digital