Wells Fargo Upgrades Seagate Stock to 'Overweight' with $1,100 Price Target
Senior Wells Fargo analyst Aaron Rakers upgraded Seagate Technology (STX) stock to 'Overweight', citing strong demand for high-capacity storage driven by AI infrastructure buildouts. The upgrade comes as the company is expected to report more than double its earnings per share in Q4 compared to last year, potentially boosting investor confidence and multiple expansion.
Tickers: $STX
Topics: AI infrastructure demand Seagate Technology (STX) stock upgrade Wells Fargo analyst report