Seagate Upgraded to Outperform by BNP Paribas with $380 Price Target
DATA AND AI INFRASTRUCTURE
BNP Paribas has upgraded Seagate Technology (STX) from Neutral to Outperform, setting a price target of $380, citing strong demand for data center storage and a projected 25% annual growth in the hard-disk drive market through 2028. Despite a recent revenue decline of 7% over three years, Seagate's financial health remains robust, with a gross margin of 36.86% and an Altman Z-Score of 5.66.
Jan 22, 2026, 6:35 PM
