Morgan Stanley analyst Erik Woodring raised the firm’s price target on Seagate (STX) to $134 from $129 and keeps an Overweight rating on the shares after the company delivered a better than expected December-end quarter, confirmed March quarter supply headwinds are transitory, and spoke to sequential revenue, margin and EPS growth through calendar 2025. Better results support further stock momentum, “cementing STX as our ‘Top Pick’,” the analyst tells investors.
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