Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”

1 week ago 8

Noor Ul Ain Rehman

Thu, May 7, 2026 astatine 11:39 AM CDT 2 min read

Seagate Technology Holdings Plc (NASDAQ:STX) is 1 of the apical banal giants that were abruptly connected occurrence successful April. Morgan Stanley lifted the terms people connected Seagate Technology Holdings Plc (NASDAQ:STX) to $767 from $582 connected April 29, reaffirming an Overweight standing connected the shares. The steadfast told investors successful a probe enactment that the emerging AI applications are continually accelerating hard disk thrust demand, which is supporting an adjacent stronger revenue, margin, escaped currency flow, and superior instrumentality outlook. These trends person reinforced Seagate Technology Holdings Plc (NASDAQ:STX) arsenic a “Top Pick”, according to Morgan Stanley.

Seagate Technology (STX) Sees AI-Driven Storage Demand Lifting Outlook

Seagate Technology Holdings Plc (NASDAQ:STX) besides received a standing update from Wedbush the aforesaid day. The steadfast lifted the terms people connected the banal to $825 from $700, and maintained an Outperform standing connected the shares. It told investors that the institution shook the caller signifier of delivering net outperformance, characterized by 100 bps-200 bps of gross and gross borderline upside, followed by a usher for a fewer 100 bps of gross maturation and 100 bps-200 bps of gross borderline expansion. The steadfast added that Seagate Technology Holdings Plc (NASDAQ:STX) alternatively reported gross maturation of adjacent to 10% and gross borderline maturation of astir 500 bps, with guidance implying a akin expected effect successful Q4/Q2.

Seagate Technology Holdings Plc (NASDAQ:STX) is simply a holding institution that develops, produces, and distributes information retention products and physics information retention solutions. Its products see coagulated authorities drives, serial precocious exertion attachment controllers, hard disk drives, coagulated authorities hybrid drives, peripheral constituent interconnect explicit cards, retention subsystems, and computing solutions.

While we admit the imaginable of STX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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