Movement Alert|Seagate Technology PLC Rises 3.21% in Regular Trading, Continued Rebound Amid Storage Sector Rally and Institutional Target Price Support

Market Focus
Aug 13

On August 13, Seagate Technology PLC rose 3.21% in regular trading, trading at $906.83/share, with turnover of $785 million.

On the news front, the stock continues to recover from a nearly 10% single-day selloff triggered by a Bernstein report indicating that DRAM and NAND contract price growth was narrowing. The rebound is supported by multiple institutional high target prices — BNP Paribas raised its target to $1,275, Barclays to $1,250, with analyst consensus averaging approximately $1,148, all significantly above the current price, reflecting strong market confidence in AI-driven data storage demand.

Within the Technology Hardware, Storage & Peripherals sector, storage stocks broadly rallied. Among individual stocks, Super Micro Computer up 11.07%, Western Digital up 7.63%, SanDisk up 5.38%, Dell Technologies up 3.89%, Apple up 0.95%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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