Markets·October 20, 2026 at 10:05 AM EDT·1 source
Data storage demand is strong. That should boost this stock, Morgan Stanley says
STX -1.8%MS
STX · last 30 trading days-4.6% since the news
News
What happened
- Morgan Stanley said Seagate Technology could see its shares rally more than 80% in the near future.
- The firm cited strong demand for data storage as the reason for its view.
Potential share rally
more than 80%
Why it matters
The call is relevant to markets professionals tracking data-storage demand and its potential effect on hardware-company valuations.
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Timeline
- EarlierOct 19Market Rightfully Lowering ECB Hike Expectations, Says Morgan Stanley’s Sheets
- EarlierOct 19Morgan Stanley’s favorite AI stock is 92% exposed to the $1.6 trillion buildout it’s bullish on
- First reported by CNBCOct 20Data storage demand is strong. That should boost this stock, Morgan Stanley says
Who is involved
Data storage demand is strong. That should boost this stock, …Seagate TechnologySTXMorgan StanleyMS
Company
Sources (1)
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