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Why Seagate Technology Stock Raced Nearly 6% Higher Today

Apr 06, 2026 21:34 UTC

Key PointsThat prognosticator also flagged the company as his bank's top pick in the IT hardware segment..

  • April 06, 2026 — 05:34 pm EDT Written byEric VolkmanforThe Motley Fool-> That prognosticator also flagged the company as his bank's top pick in the IT hardware segment
  • Seagate continues to benefit from demand for resource-hungry AI technology
  • Investors were eager to store a bit of their capital in veteran data storage companySeagate's(NASDAQ: STX)stock as the trading week kicked off on Monday

April 06, 2026 — 05:34 pm EDT Written byEric VolkmanforThe Motley Fool-> That prognosticator also flagged the company as his bank's top pick in the IT hardware segment. Seagate continues to benefit from demand for resource-hungry AI technology. Investors were eager to store a bit of their capital in veteran data storage companySeagate's(NASDAQ: STX)stock as the trading week kicked off on Monday. They pushed the shares almost 6% higher, following a rather bullish analyst note. Morgan Stanley's Erik Woodring not only pulled the lever on a hefty Seagate price target raise, he also flagged the sto

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