“We’re Gonna See Seagate (STX) Go Up,” Says Jim Cramer

Core Insights - Seagate Technology Holdings plc (NASDAQ:STX) has seen its shares increase by 243% year-to-date, making it one of the strongest performers in the market for 2025 [2] - Analysts have shown increased optimism towards Seagate, with Morgan Stanley raising its price target to $337 from $270 and maintaining an Overweight rating, while Citi increased its target to $320 from $275 [2] - The optimism is driven by expectations that AI-driven content creation will boost demand for storage devices as data generators are likely to retain data longer for future model training [2] Analyst Commentary - Jim Cramer has discussed Seagate multiple times, acknowledging the remarkable gains but expressing that the company is not a growth company [2][3] - Cramer believes that while Seagate may see price increases, other AI stocks may offer greater potential for higher returns with limited downside risk [3]