Seagate price target raised to $100 from $70 at Mizuho
The Fly

Seagate price target raised to $100 from $70 at Mizuho

Mizuho raised the firm’s price target on Seagate to $100 from $70 and keeps a Buy rating on the shares. The firm gave its 2024 outlook across semis and automotive technologies, saying headwinds will persist with anemic global demand and a China/Europe slowdown, though inventories in PC, memory, and handset are normalizing. For 2024, the analyst sees memory and wafer fab equipment set up well as inventory and supply corrections are now mostly behind.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on STX:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App