Seagate Technology Gets Bold $620 Target From Bernstein — Buy the Dip?

Bernstein raised its price target for Seagate Technology to $620 from $500, an increase of $120 or ~24%, while maintaining an Outperform rating. The move reflects bullish analyst sentiment on Seagate's outlook and could produce a modest positive reaction in the stock.

Analysis

Bernstein raised its price target for Seagate Technology to $620 from $500, an increase of $120 or ~24%, while maintaining an Outperform rating. The move reflects bullish analyst sentiment on Seagate's outlook and could produce a modest positive reaction in the stock.