Morgan Stanley Names Seagate (STX) Core 2026 Selection as Cloud Capex Spending Gains Momentum
Affected assets and topics
Why it 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.
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Expected market reaction
Market impact analysis based on bullish sentiment with 85% confidence.
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Evidence
AI provenance
Technical identifiers
- Provider tag
- openai-gpt-4o-mini
- Analysis version
- openai-gpt-4o-mini
- Article id
- 26770
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 […]
Read the full article on Yahoo Finance
Original article published by Yahoo Finance on December 28, 2025. Analysis and insights provided by AnalystMarkets AI.