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      Citi Increases Price Targets for Seagate and Western Digital Amid Rising AI Data Demand

      Seagate Technology and Western Digital stocks experienced an uptick on Monday morning following an announcement from Citi that it has raised its price targets for both companies. Citi has maintained Buy ratings for each stock, reflecting a positive outlook amid increasing demand for data storage driven by advancements in artificial intelligence.

      This adjustment by Citi is part of a broader trend of optimistic analyst activity within the storage sector, which has gained momentum over the past two weeks. The heightened demand for storage solutions, particularly in relation to AI data processing, is contributing to a favorable market environment for these companies.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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