Seagate price target raised to $175 from $125 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Seagate (STX) to $175 from $125 and keeps a Neutral rating on the shares. Following a “strong beat/raise” report driven by cloud demand, the analyst says the firm looks for Seagate to continue its pattern of beats/raises, driven by strong nearline and growing HAMR demand. The firm sees Seagate on a “path to $12” in calendar year 2026 EPS in what it calls a “structurally more profitable industry.”