Seagate Technology PLC (STX) soared 5.03% in pre-market trading on Tuesday, signaling a strong rebound from the prior session's pullback.

The surge was driven by a wave of bullish analyst actions, with BNP Paribas maintaining its Outperform rating and raising its price target to $1,275, citing AI demand growth that is outpacing the company's annual shipment targets. Other major firms, including Citigroup, JPMorgan, and Barclays, also lifted their price targets, reflecting broad institutional confidence in AI-driven data storage demand.

Seagate's fiscal Q4 earnings added to the optimism, with revenue surging 48% year-over-year, adjusted EPS jumping 120%, and gross margin reaching a record 52.7%. The stock had previously pulled back alongside the broader storage sector, making the current pre-market advance a notable recovery fueled by the positive analyst sentiment and robust fundamentals.