Seagate Stock To $120?
1. Seagate's stock increased over 160% this year, fueled by AI demand. 2. Revenue surged 39% to $9.1 billion, surpassing market margins. 3. Current valuation multiples are significantly elevated compared to historical averages. 4. Seagate is vulnerable to economic downturns, shown by past volatility. 5. Potential stock drop of 40-60% if AI spending slows.