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Morgan Stanley Names Seagate (STX) Core 2026 Selection as Cloud Capex Spending Gains Momentum
Market Intelligence Analysis
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Why This Matters
Morgan Stanley has upgraded Seagate Technology's price target significantly, reflecting confidence in the company's performance driven by increased cloud capital expenditures. This positive outlook positions Seagate as a strong investment choice within the IT hardware sector for 2026.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Seagate Technology Holdings (NASDAQ:STX) is one of the best performing S&P 500 stocks in 2025. On December 17, Morgan Stanley analyst Erik Woodring raised the firm’s price target on Seagate to $337 from $270 with an Overweight rating on the shares. This decision was made as the firm’s 2026 IT Hardware strategy prioritized ‘cloud capex […]
Original article published by
Unknown
on December 28, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.