Analysts Adjust Price Targets for Seagate Technology
Several financial institutions, including Morgan Stanley, Baird, and Citigroup, updated their price targets for Seagate Technology on October 28, 2026.
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Western Digital shares are moving lower in Tuesday’s after-hours session in sympathy with Seagate, which fell after reporting first-quarter results.
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Several financial institutions, including Morgan Stanley, Baird, and Citigroup, updated their price targets for Seagate Technology on October 28, 2026.
Filed: 2026-10-27 AccNo: 0001137789-26-000300 Size: 577 KB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Rosenblatt Securities has lowered its price target for Seagate Technology Holdings PLC from $1,400 to $1,100.
Sandisk stock has declined 45% from its June peak, but historical analysis shows the company is prone to extreme volatility with frequent sharp recoveries. As a major flash memory and storage hardware manufacturer benefiting from AI infrastructure demand, Sandisk has achieved record margins (85% gross margin in Q4 FY2026) due to supply shortages and pricing power. However, investors should expect continued volatility as the industry is cyclical and will cool once supply catches up to demand.
The article compares Lumentum and Sandisk as infrastructure plays in the AI boom. While Sandisk shows explosive growth (175% revenue increase) and trades at a lower valuation (6x forward P/E vs. 40x), the author recommends Lumentum for long-term investors due to its steadier earnings growth, lower pricing risk, and strong demand for optical interconnects as AI models become more complex. Sandisk faces risks from supply-demand cycles and potential margin compression.
Several financial institutions, including Citic Securities, Argus, Bernstein, and Evercore, updated their price targets and maintained ratings for Western Digital on October 27, 2026.