Seagate price target raised to $68 from $65 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Seagate (STX) to $68 from $65 and keeps a Negative rating on the shares. The firm said the HDD cycle recovery is certainly underway but in the final innings as Susquehanna continues to argue that June-Q (4QFY25) will be the peak in EB shipment. The firm believes management has executed flawlessly given all the constraints while realizing higher GM.