Cantor Fitzgerald raised the firm’s price target on Seagate (STX) to $280 from $175 and keeps an Overweight rating on the shares. Cantor continues to view Semi stocks as a must- own, but also acknowledges the group is at the center of significant friction and will prove to be volatile, the analyst tells investors in a research note. The demand picture appears more favorable than discussed during the company’s Analyst Day earlier this year, supported by incremental demand from AI, Cantor says.
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