Wedbush Upgrades Seagate Tech Hldgs to Outperform, Announces $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson upgraded Seagate Tech Holdings (STX) from Neutral to Outperform with a new price target of $100.
May 01, 2024 | 11:30 am
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Seagate Tech Holdings was upgraded by Wedbush from Neutral to Outperform with a price target of $100.
Analyst upgrades typically lead to positive short-term price movement as they reflect a positive change in the analyst's view of the company's future performance. The upgrade from Neutral to Outperform suggests a strong confidence in the company's potential to outperform the market or its sector. The setting of a $100 price target further indicates a bullish outlook on the stock, which can influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100