Mizuho Lifts PT on Seagate Technology Holdings (STX)

1 week ago 7

Noor Ul Ain Rehman

Mon, June 22, 2026 astatine 7:10 AM CDT 2 min read

Seagate Technology Holdings Plc (NASDAQ:STX) is 1 of the champion AI representation stocks to bargain successful 2026. Mizuho lifted the terms people connected Seagate Technology Holdings Plc (NASDAQ:STX) to $1,090 from $875 connected June 8 and maintained an Outperform standing connected the shares, stating that the steadfast raised the company's estimates pursuing its quarterly AI application-specific integrated circuit roadmap call. Mizuho added that it sees imaginable for 35M tensor processing units successful 2028, oregon 8-times the 4.3M units successful 2026.

Seagate Technology (STX) Sees AI-Driven Storage Demand Lifting Outlook

Seagate Technology Holdings Plc (NASDAQ:STX) besides received a standing update from Wells Fargo connected June 1. The steadfast raised the terms people connected the banal to $900 from $700 and reiterated an Equal Weight standing connected the shares. Wells stated that past week it hosted meetings connected its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each 1 of them had a affirmative request tone, ranging from AI information halfway build-outs to the proliferation of AI inferencing / Agentic AI, driving important incremental server CPU request and continued drives of representation expansion.

Seagate Technology Holdings Plc (NASDAQ:STX) is simply a holding institution that develops, produces, and distributes information retention products and physics information retention solutions. Its products see coagulated authorities drives, serial precocious exertion attachment controllers, hard disk drives, coagulated authorities hybrid drives, peripheral constituent interconnect explicit cards, retention subsystems, and computing solutions.

While we admit the imaginable of STX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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