Seagate Technology PLC is trading 9.9% up at $1023.21 as investors continue to pile into AI infrastructure winners following a powerful multi-day rally.
- The surge is driven by strong AI-related storage demand and a recent upside earnings surprise, reinforcing bullish momentum in a tech-led risk-on market.
- Multiple analysts have raised their price targets, including a notable Citi target of $1,150, following the company's recent performance.
- Seagate’s plan to redeem exchangeable senior notes is further supporting the stock's upward trajectory and investor confidence.