Bank of America Raises Price Target for Seagate Technology Ahead of Quarterly Report
Bank of America has raised its price target for Seagate Technology (NASDAQ:STX) to $605 from $450, citing stronger earnings growth expectations and sustained demand. The firm also increased its fiscal 2026 revenue and earnings per share forecasts, with the upward revision reflecting confidence in margin expansion and long-term growth. The analysts anticipate Seagate's upcoming quarterly report to exceed current consensus estimates.
Topics: Bank of America Earnings Forecast HAMR Technology Price Target Seagate Technology Storage Industry