JPMorgan starts Seagate at Overweight, sees more upside despite 350% rally

Investing.com -- JPMorgan on Monday initiated coverage of Seagate Technology with an Overweight rating and a year-end price target of $525, arguing the hard-disk drive (HDD) maker’s shares still have room to run even after surging roughly 350% since early 2025, compared with an 11% gain for the S&P 500 over the same period.