Storage Stocks Lead Analyst Target Upgrades

Analysts lifted price targets on two major storage names simultaneously. Western Digital saw its consensus target rise to $554 from $547. Seagate Technology got a larger bump — consensus target moved to $898 from $886. Both moves suggest growing confidence in the AI-driven storage demand cycle.

Seagate's market cap now tops $210 billion. Western Digital's sits at $194 billion. Neither stock carries heavy short interest. WDC short interest is 7.8% of free float. STX is even lighter at just 4.0%.

Oracle moved the other way. Analysts trimmed the consensus target to $253 from $255. Oracle's $530 billion market cap and recent AI infrastructure spending make the cut modest but notable. The stock remains a consensus buy with 35 analysts covering it.

In agriculture, Archer-Daniels-Midland picked up a target increase to $74.60. That reverses some pressure on the stock after a difficult two years. ADM's short interest sits at 2.9% of free float — near low levels.

Fertilizer names CF Industries and Mosaic both had targets trimmed slightly, reflecting softer commodity price expectations heading into the second half of 2026.