Rosenblatt Maintains Buy Rating for Seagate Tech Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Rosenblatt has reaffirmed its Buy rating on Seagate Tech Hldgs (NASDAQ:STX) and increased its price target from $100.00 to $115.00. Seagate's shares have risen 1.11% in the last 24 hours to $90.16. The new price target suggests a potential upside of 27.55% from the current price. Seagate, along with Western Digital, dominates the hard disk drive market for data storage.
January 25, 2024 | 5:00 pm
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Rosenblatt maintains a Buy rating on Seagate Tech Hldgs and raises the price target to $115, indicating a 27.55% potential increase from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Rosenblatt can lead to positive investor sentiment and potentially drive the stock price up in the short term. The specific mention of a 27.55% potential upside is a strong bullish signal that can influence market behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100