As previously reported, Northland upgraded NetApp (NTAP) to Outperform from Market Perform with a price target of $137, up from $120, after the company reported revenue growth excluding divested Spot accelerated to 4% year-over-year in fiscal Q2 and guided to accelerate to 5% in the second half of FY26. The firm sees incremental evidence that higher growth rates for Public Cloud Services and All Flash are incremental, not cannibalistic to hybrid, driving its raised revenue growth rates, the analyst tells investors.
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Read More on NTAP:
- NetApp price target raised to $120 from $114 at UBS
- NetApp upgraded to Outperform from Market Perform at Northland
- Positive Outlook for NetApp: Strong Financial Performance and Growth Prospects Drive Buy Rating
- Hold Rating on NetApp Amid Strong Performance and Future Uncertainties
- NetApp price target raised to $115 from $100 at Wells Fargo