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NetApp initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Katherine Murphy initiated coverage of NetApp (NTAP) with a Buy rating and $128 price target While the overall external storage market is only expected to grow 4% year-over-year in 2025, there were pockets of faster growth in certain media types and data storage types, notes the analyst, who expects NetApp to continue to be a leader in the all flash market.

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