UBS analyst David Vogt lowered the firm’s price target on NetApp (NTAP) to $108 from $115 and keeps a Neutral rating on the shares. NetApp reported strong all-flash share gains, but the prudent fiscal 2026 revenue outlook could weigh on shares, the analyst tells investors in a research note.
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Read More on NTAP:
- NetApp Hold Rating: Balancing Strong Performance with Growth Uncertainties and Market Conditions
- NetApp price target lowered to $110 from $120 at Susquehanna
- NetApp’s Strong Market Position and Growth Potential Earns Buy Rating Amidst Conservative FY26 Outlook
- NetApp price target lowered to $115 from $120 at JPMorgan
- Cautious Hold on NetApp Amid Macroeconomic Uncertainties and Competitive Pressures