Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
JPMorgan analyst Samik Chatterjee upgraded the rating for NetApp Inc NTAP from Neutral to Overweight, while raising the price target from $150 to $160.
JPMorgan analyst Samik Chatterjee upgraded NetApp to Overweight from Neutral with a $160 price target.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
Strength in all-flash storage and cloud market bodes well for NTAP, along with momentum in the AI space. Weak IT spending and stiff competition are concerns.
To transform hybrid cloud deployments, NTAP's expanded partnership with AWS unveils the NetApp enterprise storage arrays for AWS Outposts.
NetApp, Inc. beats earnings estimates, with FYQ2 2025 EPS and revenue surpassing expectations, driven by strong growth in its Hybrid and Public Cloud segments. NetApp's focus on AI and cloud infrastructure is evident, securing over 100 AI and data-lake modernization wins and expanding partnerships with Google Cloud and AWS. Analysts have mixed ratings but raised price targets, citing macro concerns. NTAP's solid execution and strategic positioning suggest a “cautiously optimistic” stance.
NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
NetApp is a strong tech stock with solid earnings and a reasonable ~17x P/E, despite a challenging macro climate and a high S&P 500. The company delivered a beat-and-raise in Q2, lifting its full-year EPS guidance to $7.20-$7.40 (with the previous high end of its range now the new low end). The stock trades considerably cheaper than direct rivals like Pure Storage and Nutanix on both a P/E and revenue basis.