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The latest announcement is out from NetApp ( (NTAP) ).
On May 23, 2025, Harvinder Bhela announced his decision to step down from his role as Executive Vice President and Chief Product Officer at NetApp, effective June 20, 2025, with plans to assist in a smooth transition of his responsibilities. Additionally, on May 22, 2025, NetApp’s Board of Directors approved an additional $1.1 billion for stock repurchases, highlighting the company’s strong financial position and commitment to returning value to shareholders. NetApp reported record financial results for the fourth quarter and fiscal year 2025, with significant increases in net revenues, profitability, and market share in all-flash storage and cloud services. The company also announced several product innovations and strategic partnerships, positioning itself for continued growth and leadership in the enterprise AI market.
The most recent analyst rating on (NTAP) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on NetApp stock, see the NTAP Stock Forecast page.
Spark’s Take on NTAP Stock
According to Spark, TipRanks’ AI Analyst, NTAP is a Outperform.
NetApp’s overall stock score benefits from strong financial performance and a solid market position in cloud solutions. While technical indicators reflect positive momentum, execution challenges and currency impacts present risks. The company’s reasonable valuation and strategic initiatives support a strong outlook despite some caution.
To see Spark’s full report on NTAP stock, click here.
More about NetApp
NetApp is an intelligent data infrastructure company that specializes in enterprise storage solutions and cloud services. The company focuses on providing innovative storage and data management solutions to help businesses manage and protect their data across hybrid and public cloud environments.
Average Trading Volume: 2,281,742
Technical Sentiment Signal: Sell
Current Market Cap: $20.71B
Learn more about NTAP stock on TipRanks’ Stock Analysis page.
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