Goldman Sachs initiated coverage on Seagate Technology Holdings (STX) stock with a “Buy” rating and a price target of $170.00. The firm highlighted the company’s technological leadership, particularly with HAMR-based drives, which can help regain nearline HDD market share. Mizuho raised the price target to $155, citing robust demand into 2026E. Seagate benefits from AI server demand and technology innovation, positioning it well to capture opportunities with its Mozaic portfolio powered by HAMR technology. Seagate is an AI-focused business developing purpose-built hard drives like SkyHawk AI. While STX has potential as an investment, other AI stocks may offer greater upside potential.

Read more at Yahoo Finance: Goldman Sachs Begins Coverage on Seagate Technology Holdings (STX) Stock with a Buy