# Morgan Stanley named the hard drive maker their "top pick" in IT hardware.

*semiconductor · news · 2026-04-06 · Investopedia*

## Key points

- Morgan Stanley named Seagate their 'top pick' in IT hardware over Western Digital.
- A global shortage of storage and memory components could persist until 2028.
- Morgan Stanley raised Seagate's price target to a Street high of $582.
- Seagate's stock is up 65% year-to-date, outperforming the S&P 500's 3.5% loss.

**Companies:** Seagate Technology, Western Digital, Micron Technology, Sandisk

[Read the full story on Investopedia](https://www.investopedia.com/seagate-leads-data-storage-memory-stocks-higher-morgan-stanley-says-it-is-a-top-pick-11943474)

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