Seagate Technology PLC is trading 5.2% up today at $1,071.24. - The company's Q3 fiscal 2026 earnings per share of $4.10 exceeded analyst estimates of $3.51, with revenue of $3.11 billion also topping expectations, contributing to positive sentiment. - Recent analyst upgrades, including Morgan Stanley raising its price target to $1,035 from $767 on June 16, 2026, cite improving HDD pricing and robust AI infrastructure demand. - This positive momentum is further supported by the company's recent announcement on June 11-12, 2026, to redeem $150.7 million in exchangeable senior notes, strengthening its balance sheet.