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Global investment bank J.P. Morgan has stepped up and made its stance clear, signaling that Seagate Technology Holdings plc (STX), the mass capacity storage leader, may still have more upside in store as rising data center demand keeps the growth engine running strong.
The firm has placed Seagate on its Positive Catalyst Watch, reinforcing its confidence in the company’s path ahead. Samik Chatterjee and his team see Seagate holding a clear edge in the hard disk drive (HDD) space, where firm data center demand and supportive pricing trends continue to build momentum.