Seagate Technology Upgraded by Benchmark and Summit Insights on Optimistic Outlook

GuruFocus.com

22 Jan

Fremont, CA, January 22, 2025 Seagate Technology Holdings PLC (NASDAQ:STX) 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 analysthighlighted Seagate's high-capacity storage will gain amid the AI and cloud computing boom.

Warning! GuruFocus has detected 7 Warning Signs with STX.

Summit Insights also upgraded Seagate from "Hold" to "Buy" with no price target, the analyst saw Seagate'simproving 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.

This article first appeared on GuruFocus.

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GuruFocus has detected 7 Warning Signs with STX.\n\nSummit Insights also upgraded Seagate from \"Hold\" to \"Buy\" with no price target, the analyst saw Seagate'simproving profitability and operational efficiency as key factors for optimism.\n\nThe 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.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}