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NetApp price target lowered to $110 from $120 at Susquehanna

Susquehanna lowered the firm’s price target on NetApp (NTAP) to $110 from $120 and keeps a Neutral rating on the shares. The firm said its revenue was roughly in line with consensus estimates, driven by strength in all-flash storage and growth in first-party and marketplace storage services. The the Q1 guide and commentary suggest the deceleration in Yyear-over-year changes in Product revenue intensifying into FY26 and most likely not bottoming until FY27.

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