BofA analyst Wamsi Mohan raised the firm’s price target on NetApp (NTAP) to $121 from $120 and keeps a Neutral rating on the shares. After NetApp reported fiscal Q4 results and gave FY26 guidance that was “mostly inline,” the firm adjusted its FY26 revenue and EPS forecasts to $6.76B and $7.77 from $6.91B and $7.59, respectively.
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Read More on NTAP:
- NetApp price target lowered to $100 from $115 at Wells Fargo
- NetApp’s Mixed Financial Outlook: Hold Rating Amid Revenue Challenges and Margin Strength
- NetApp’s Conservative Outlook and Growth Potential: Hold Rating Maintained
- NetApp’s Strong Performance Overshadowed by Conservative Guidance: A Hold Rating Perspective
- NetApp price target raised to $117 from $115 at Barclays