Evercore ISI Raises Its Seagate Stock Price Target to $1,000. HAMR Technology Growth Is the Major Trigger.

Seagate Technology (STX) looks like one of the most compelling AI infrastructure plays hiding in plain sight, and Wall Street is starting to agree.

Evercore ISI recently raised its price target on the hardware stock to $1,000, up from $750, while maintaining an “Outperform” rating. With STX shares trading near $809 below their 52-week high of $841, the STX stock price target implies roughly 25% upside from current levels. For a company already in the midst of a structural growth phase, that kind of headroom is worth paying attention to.