Key Takeaways Seagate Technology shares surged Wednesday as analysts raised their price targets for the stock after the data storage provider's quarterly results topped estimates.Morgan Stanley called the stock a "top pick,

Seagate remains a leader in hard drive storage, with significant market share and promising future growth. Read why STX stock is a Strong Buy.

Companies using AI expect storage (including cloud storage) requirements to increase in the next three years, according to a survey funded by Seagate.