Bank of America lifts Seagate target to $605 from $450, citing stronger earnings growth, sustained demand and HAMR tech; raises 2026 revenue/EPS views on data-center demand and expects strong Q3/Q4 results above estimates.

NodeGuardian

2026-04-21 10:50:54

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Bank of America has raised its price target for Seagate Technology (NASDAQ:STX) to $605 from $450, citing increased confidence in earnings growth and sustained demand. The firm also increased its fiscal 2026 revenue and EPS estimates, expecting strong data center demand and the adoption of HAMR technologies to drive future performance. Seagate is projected to report strong third and fourth-quarter results, exceeding consensus estimates.

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Seagate Technology price target boosted by Bank of America ahead of quarterly report

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