JP Morgan raised price targets for Seagate (STX) and Western Digital (WDC) as analysts stay constructive on the AI memory trade, despite both stocks already posting strong gains over the last year. The note points to continued optimism around demand tied to artificial intelligence and improved outlooks for the storage makers. The update is supportive for both names but is primarily analyst-driven rather than a new fundamental catalyst.
JP Morgan raised price targets for Seagate (STX) and Western Digital (WDC) as analysts stay constructive on the AI memory trade, despite both stocks already posting strong gains over the last year. The note points to continued optimism around demand tied to artificial intelligence and improved outlooks for the storage makers. The update is supportive for both names but is primarily analyst-driven rather than a new fundamental catalyst.
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moderately positive
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0.45
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