BofA raised the firm’s price target on NetApp (NTAP) to $125 from $118 and keeps a Neutral rating on the shares ahead of fiscal Q4 earnings due after market close on Thursday, May 28. Driven in part by prior price increases that should favorably impact Q4 and pull-forward of demand as customers tried to buy ahead of component price increases, the firm sees NetApp reporting “a strong quarter,” the analyst tells investors in a preview.
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