• Seagate Technology (STX) is trading 2.2% up at $919.26 today, aligning with a broader rebound in the technology sector.
  • The positive movement is also fueled by Melius Research initiating coverage on STX on June 29, 2026, with a "buy" rating and a $1,600 price target.
  • This bullish analyst sentiment contributes to renewed risk-on sentiment for large-cap tech stocks.