Baptista Research initiates coverage of Seagate Technology for the first time, giving a "hold" rating; target price $172.90.

Baptista Research Limited Liability Company has initiated coverage on Seagate Technology Holdings Company for the first time, giving it a "hold" rating. The target price is set at $172.90, representing a 12% upside from the stock's latest price. Seagate Technology reported better than expected earnings and sales in its quarterly results announced on July 29th.