Seagate Stock Soars as Analysts Raise Targets on AI-Driven Data Storage Demand

Key TakeawaysSeagate Technology shares surged Wednesday as analysts raised their price targets for the stock after the data storage provider's quarterly results topped estimates.Morgan Stanley called the stock a "top pick," citing AI-driven demand for data storage.The company said it is ramping up production of its high-capacity hard drives, which analysts see as a tailwind going into the back half of the year. Seagate Technology (STX) shares jumped Wednesday as several analysts raised their price targets f ...