Wedbush raised the firm’s price target on Seagate (STX) to $290 from $260 and keeps an Outperform rating on the shares after Q1 results. Wedbush sees no reason to shift its constructive view on Seagate or the industry given no cracks in fundamentals as well as the likelihood that margins see a larger step function lift in late 2026 and 2027, creating the potential for more favorable terms, the firm told investors in a research note.
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