BofA raised the firm’s price target on Seagate (STX) to $275 from $255 and keeps a Buy rating on the shares after the company beat fiscal Q1 expectations and guided to Q2 revenue and EPS above BofA and Street estimates. The firm’s FY26 revenue and EPS move up and it rolls forward its valuation basis to calendar year 2027 to better include the HAMR ramp into its price objective, the analyst tells investors.
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