Dernières nouvelles pour NetApp (NASDAQ:NTAP) Stock

NetApp

NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

NetApp Inc

NetApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>)&nbsp;is an intelligent data infrastructure company that offers data-centric software and networking hardware that enable&nbsp;enterprises&nbsp;to manage and use their data. The&nbsp;computer and technology sector leader provides on-premise and hybrid cloud solutions with all-flash storage, networking gear, observability, cyber resilience,&nbsp;and cybersecurity.
<h2>The Evolution of NetApp: From Data Silos to Intelligent Architecture</h2>
NetApp is considered a legacy company, formerly known as Network Appliances, that has been a pioneer and disruptor riding secular technology trends since 1992. They were the first vendor to unify files and block workloads and structured and unstructured data to reduce silos. NetApp embarked on the hybrid cloud to eliminate silos and provide unified control access across any environment by creating its first data fabric strategy.
NetApp entered the hybrid cloud era as the only vendor natively integrated into all major clouds like AWS from Amazon&nbsp;Inc., Azure from Microsoft Co., and Google Cloud from Alphabet Inc. NetApp has evolved towards an intelligent data infrastructure era, offering silo-free infrastructure that harnesses artificial intelligence (AI) and observability to enable the most optimal data management everywhere.
<h2>NetApp&#39;s Competitive Advantages</h2>
Being an established pioneer in data infrastructure, NetApp has developed various competitive advantages:
Unified Data Management: NetApp offers ONTAP, its proprietary operating system, to manage data across all environments silo-free. A single source of truth to provide a &quot;single pane of glass view&quot; of operations from edge to core to cloud. ONTAP Autonomous Ransomware Protection with AI received a AAA rating from SE Labs, an independent testing company that assesses security products.&nbsp;
Hybrid Multicloud Experience: NetApp is native&nbsp;to all the major&nbsp;public clouds and enables businesses to manage data across different cloud providers, on-premise data centers,&nbsp;and private clouds.
Data Storage Expertise: From all-flash arrays to software-defined storage to cloud data storage solutions, NetApp offers a wide range of storage systems. In 2024, NetApp rolled out its AFF A-series family of high-performance flash arrays capable of powering mission-critical apps and GenAI workloads. NetApp made the Gartner Magic Quadrant for Primary Storage Platforms Leader list for the 12th consecutive year.
<h2>NetApp Is Steady as a Rock in Fiscal Q1 2025</h2>
NetApp reported fiscal first quarter of 2025 EPS of $1.56, beating consensus analyst estimates by 11 cents. Revenues climbed 7.6% YoY to $1.54 billion, beating consensus estimates for $1.53 billion. Billings rose 12% to $1.45 billion, up from $1.30 billion last year. The company ended the quarter with a$3.02 billion in cash and cash equivalents.
<h2>NetApp: Breaking Records Along the Way </h2>
All-flash array annualized net revenue run rate (ARR) rose 21% YoY to $3.4 billion. First-party and marketplace cloud storage services rose 40% YoY. GAAP margins hit a record 18% for the first quarter, and non-GAAP margins achieved a record 26%. Its Keystone storage-as-a-service (SaaS) revenue grew 60% YoY.
<h2>NetApp Issues Upside Guidance, Market Sells the News </h2>
NetApp forecasts fiscal second quarter 2025 EPS of $1.73 to $1.83 versus $1.71 consensus estimates. Revenues are expected between $1.565 billion and $1.715 billion versus $1.63 billion. Fiscal full-year 2025 EPS is expected between $7.00 and $7.20.
CEO George Kurian commented, &quot;The robust growth in our revenue, billings, and profitability reflects the increasing alignment of customer needs with our unique solutions. We believe our highly differentiated intelligent data infrastructure platform, designed for the age of data, positions us to capture the growth potential in flash, block, cloud storage, and AI, promising continued success for our shareholders and customers.&quot;
<h2>NTAP Stock Is Stuck in a Rectangle Trading Channel </h2>
A rectangle channel is comprised of a flat-top upper trendline resistance and a flat-bottom lower trendline support. The stock will ping pong between the two trendlines until it breaks through one side.
<img alt="NetApp NTAP stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240930091426_chartp-ntap.jpg" style="height:752px; width:915px" />
NTAP sold off on its strong earnings report despite raising EPS guidance. NTAP again tested the flat-bottom lower trendline support at the 113.44 level before rebounding and confirming the rectangle trading channel. The earnings gap down formed two gap-fill levels at $130.99 and $126.11. The anchored daily VWAP is flat at $120.31. The daily relative strength index (RSI) peaked, slipping to the 49-band. Fibonacci (Fib) pullback support levels are at $118.86, $113.44, $104.33, and $97.73.
NTAP&#39;s average consensus price target is $129.06, and its highest analyst price target&nbsp;is&nbsp;$155.00. Analysts have given the stock five Buy ratings and 10 Hold ratings.
Actionable Options Strategies: Bullish investors can buy on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income in addition to the 1.70% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/why-netapps-ai-driven-data-solutions-make-it-a-top-tech-stock/">Why NetApp&#39;s AI-Driven Data Solutions Make It a Top Tech Stock</a>&quot; first appeared on MarketBeat.

Earnings

Earnings Beats

Large Cap

News

Guidance

Dividends

Price Target

Technicals

Offerings

Markets

Analyst Ratings

Tech

Trading Ideas

NTAP

Why NetApp's AI-Driven Data Solutions Make It a Top Tech Stock

This integration empowers organizations, especially in the public sector and regulated industries, to leverage AI-ready infrastructure while maintaining high standards for security and strict regulatory compliance.

GOOG

GOOGL

NetApp Reports Expansion Of Its Strategic Partnership With Google Cloud

Collaboration bolsters generative AI capabilities with advanced data management and secure multicloud networking services for RAG integration
F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) and NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) today announced an expanded collaboration to accelerate and streamline enterprise AI capabilities using secure multicloud networking solutions from F5 and NetApp's suite of data management solutions. This collaboration leverages F5 Distributed Cloud Services to streamline the use of large language models (LLMs) across hybrid cloud environments. By integrating F5's secure multicloud networking with NetApp's data management, enterprises can implement Retrieval Augmented Generation (RAG) solutions efficiently and securely, enhancing the performance, security, and utility of their AI systems.
As enterprises increasingly adopt AI technologies, the need for accurate and contextually relevant information becomes crucial—and that's where RAG comes in. RAG is an artificial intelligence technique that combines retrieval-based and generation-based approaches to improve the quality and relevance of responses by securely incorporating relevant, often proprietary, documents or information from a large dataset into the generated answers without exposing them to public large language models. RAG integrates the most recent, relevant data into AI responses. This ensures that AI models can deliver precise and context-specific answers.

FFIV

F5 And NetApp Announces An Expanded Collaboration To Accelerate And Streamline Enterprise AI Capabilities Using Secure Multicloud Networking Solutions From F5 And NetApp's Suite Of Data Management Solutions

NetApp's end-to-end enterprise AI vision and intelligent ONTAP data infrastructure—combined with powerful NVIDIA NeMo Retriever and NIM microservices—transform how customers discover, search and curate data across hybrid multi-cloud to fuel AI applications
NetApp&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), the intelligent data infrastructure company, today unveiled an advanced generative AI data vision and end-to-end integrated solutions that combine NVIDIA AI software and accelerated computing with NetApp intelligent data infrastructure for enterprise retrieval augmented generation (RAG) to power the future of agentic AI applications.
This will bring new capabilities to the NetApp ONTAP unified storage operating system that can leverage a new <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.netapp.com%2Fnewsroom%2Fpress-releases%2Fnews-rel-20240924-943497%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NetApp+global+metadata+namespace&amp;index=1&amp;md5=ef1570577254f5dc715de4a2bb01c44d">NetApp global metadata namespace</a> to unify data stores for the tens of thousands of enterprises that trust NetApp for their data infrastructure. It opens up exabytes of enterprise data stored across clouds and on-premises infrastructure to drive RAG capabilities that can put enterprises' entire data estate to work, accelerating next-generation agentic AI applications.
The solution brings together proven NetApp AIPod architecture with NetApp ONTAP and the NetApp BlueXP unified control plane, with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai-data-science%2Fproducts%2Fnemo%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NVIDIA+NeMo+Retriever&amp;index=2&amp;md5=d3208f897b7f0b9d5735b944f3ce9919">NVIDIA NeMo Retriever</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NIM+microservices&amp;index=3&amp;md5=58fc0dbe2824fbb832a0d5d3360749b5">NIM microservices</a>, which are part of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fdata-center%2Fproducts%2Fai-enterprise%2F&amp;esheet=54126360&amp;newsitemid=20240924466639&amp;lan=en-US&amp;anchor=NVIDIA+AI+Enterprise&amp;index=4&amp;md5=a78b65af21f74b6ba2e5e4437f315d98">NVIDIA AI Enterprise</a> software platform.

NVDA

NetApp Teams With NVIDIA To Redefine Enterprise Retrieval Augmented Generation And Power Agentic AI

AMZN

NetApp Signs Strategic Collaboration Agreement With AWS To Enhance Cloud-Based Data Services, Accelerate Generative AI Efforts, And Drive CloudOps Value

Aruba will present at NetApp INSIGHT 2024 to illustrate how the strategic collaboration drives cutting-edge solutions with intelligent data infrastructure
NetApp&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), the intelligent data infrastructure company, today announced that it has become the preferred data infrastructure provider of Aruba, a dominant contributor for web hosting, domain registration, and email account services in Europe. Together, the companies will leverage each other's specialties to better serve customers, offering new solutions labeled "Powered by NetApp." As evidence of the elevated partnership, Fabrizio Garrone, Enterprise Solution Director at Aruba will be presenting a session at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finsight.netapp.com%2F&amp;esheet=54123878&amp;newsitemid=20240918947451&amp;lan=en-US&amp;anchor=NetApp+INSIGHT+2024&amp;index=1&amp;md5=14e376c456990a8808bc5160c776c425">NetApp INSIGHT 2024</a>: "Aruba builds secure, available, intelligent data infrastructure on NetApp [1702-1]."
Aruba is Italy's leading provider of cloud, data center, hosting, e-mail, domain registration and PEC (certified email) services. Aruba has been a NetApp customer for more than a decade, using NetApp solutions behind the scenes to power its services, but is now expanding the cooperation into a formal partnership. By combining forces, the companies will be able to collaborate on strategic goals and synergistic initiatives to be able to provide optimized data center solutions, both from the data server and data management side.

Aruba and NetApp Partner To Elevate IT Offerings, The Strategic Collaboration Drives Cutting-Edge Solutions With Intelligent Data Infrastructure

The Nasdaq 100 closed higher by around 1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $109.39. The insider received around $26.3 million from selling those shares.</li>
<li>What's Happening: Nvidia CEO Jensen Huang recently said some Nvidia customers are becoming frustrated and tensions are rising due to the limited supply of the company&#8217;s latest Blackwell chips.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
</ul>
<h3 class="wp-block-heading">Lantronix</h3>
<ul>
<li>The Trade: Lantronix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRX#NASDAQ">LTRX</a>) 10% owner Bernhard Bruscha <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,435 shares</a> at an average price of $4.00. The insider received around $33,740 from selling those shares.</li>
<li>What's Happening: On Sept. 5, Lantronix posted upbeat quarterly sales.</li>
<li>What Lantronix Does: Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets.</li>
</ul>
<h3 class="wp-block-heading">Janus Henderson</h3>
<ul>
<li>The Trade: Janus Henderson Group PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) CFO Roger MJ Thompson <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 18,000 shares</a> at an average price of $35.49. The insider received around $638,856 from selling those shares.</li>
<li>What's Happening: On Sept. 12, Wells Fargo analyst Michael Brown initiated coverage on Janus Henderson Group with an Equal-Weight rating and announced a price target of $37.</li>
<li>What Janus Henderson Does: Janus Henderson Group provides investment management services to retail intermediary (55% of managed assets), self-directed (24%) and institutional (21%) clients.</li>
</ul>
<h3 class="wp-block-heading">NetApp</h3>
<ul>
<li>The Trade: NetApp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) EVP, CFO Michael J Berry <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 15,000 shares</a> at an average price of $114.32. The insider received around $1.7 million from selling those shares.</li>
<li>What's Happening: On Aug. 28, NetApp posted upbeat quarterly earnings.</li>
<li>What NetApp Does: NetApp Inc is a provider of enterprise data management and storage solutions.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40831857/paypal-is-a-buy-jim-cramer-says-as-for-rivian-let-it-percolate">PayPal Is A Buy, Jim Cramer Says: As For Rivian? &#8216;Let It Percolate&#8217;</a></li>
</ul>

Short Ideas

Insider Trades

Pre-Market Outlook

Janus Henderson Group plc Ordinary Shares

LTRX

Nvidia, NetApp And 2 Other Stocks Executives Are Selling

NetApp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NYSE">NTAP</a>) short percent of float has risen 23.53% since its last report. The company recently reported that it has 6.27 million shares sold short, which is 3.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NetApp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726085720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NetApp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing NetApp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NetApp's peer group average for short interest as a percentage of float is 8.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into NetApp's Recent Short Interest

September syndrome is already visible in U.S. stock markets. Historically, September is the worst-performing month for Wall Street. This year, too, the situation remains challenging. In the first four trading days of this month, the three major indexes &mdash; the Dow, the S&amp;P 500 and the Nasdaq Composite &mdash; tumbled 2.9%, 4.2% and 5.8%, respectively. &nbsp;
The extremely overvalued artificial intelligence stocks suffered the maximum brunt of a recent stock market meltdown. Despite the recent mayhem, the AI frenzy remains intact. So far, no negative news appears for the generative AI ecosystem. Therefore, this meltdown provides a lucrative opportunity to enter AI-centric stocks on the dip for near-term gains.
Three such stocks are: Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), Micron Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) and NetApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>). All three stocks currently carry a Zacks Rank #2 (Buy).
<h2>Is Recession Nearby or a Knee-Jerk Expression?&nbsp;</h2>
Theoretically a recession means contraction of GDP (negative GDP growth rate) for two consecutive quarters. The U.S. GDP grew at 1.4% in first-quarter 2024. The second reading of second-quarter GDP was 3%. On Sept 4, the Atlanta Fed GDPNow projected a 2.1% GDP growth rate for the third quarter.&nbsp;
Some soft key economic data over a period of time never indicate a nearby recession. In fact, the Fed was eagerly waiting for these weak economic data, especially labor market data, along with a gradually declining inflation rate, in order to initiate a rate-cut regime.&nbsp;
Finally, the recent AI turmoil is nothing but profit-taking, especially on the part of institutional investors. Stock markets consist of bull and bear operators. As bulls fly high, bears wait quietly for a suitable time and some reasons to be good enough for profit-booking so that they can reenter the market at a reasonably low level.&nbsp;
So far, this year, buy-on-the-dip remains the best investment strategy. Every dip in stocks, especially in AI-giants, has resulted in more aggressive returns in a short span. This time too, the same outcome will appear.&nbsp;
<h2>Three AI-Focused Stocks With Significant Price Upside</h2>
<h2>Taiwan Semiconductor Manufacturing Co. Ltd.</h2>
Taiwan Semiconductor has become a new poster boy on the global artificial intelligence frenzy. TSM is the largest manufacturer of AI-based chipsets for the world&#39;s best AI chipset developers. The company is experiencing solid demand for its advanced technologies, such as 3-nanometer (nm) and 5nm. TSM&#39;s growing efforts to ramp up the production of 3nm and development of 2nm is a plus.
TSM is the largest manufacturer of NVIDIA Corp.&#39;s chipsets. NVIDIA is globally the largest developers of generative AI-based chips. TSM also caters to Advanced Micro Devices Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) and Intel Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) to name a few.&nbsp;
<h2>Solid Earnings Estimate Revisions for TSM Stock</h2>
TSM has an expected revenue and earnings growth rate of 23.6% and 24.5%, respectively, for the current year. The Zacks Consensus Estimate for the current-quarter, current-year and next-year earnings has improved over the last 30 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/09/76922.jpg?v=985924704" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Huge Price Upside Potential for TSM Shares</h2>
The stock price of Taiwan Semiconductor has jumped 50.8% year to date. In the past month shares have fallen 4.7%. Despite this, the short-term average price target of brokerage firms for the stock represents an increase of 25.1% from the last closing price of $156.82. The brokerage target price is currently in the range of $170-$250.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3e/76919.jpg?v=1388336533" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Micron Technology Inc.</h2>
Micron Technology has been benefiting from the enormous growth of AI applications that boosted demand for its high bandwidth memory chips. MU is a major producer of memory chips used in NVIDIA&#39;s GPUs. MU is benefiting from improved market conditions, robust sales executions and strong growth across multiple business units.
Micron Technology anticipates the pricing of DRAM and NAND chips to increase, thereby improving its revenues. The pricing benefits will primarily be driven by rising AI servers, causing a scarcity in the availability of cutting-edge DRAM and NAND supplies. Also, 5G adoption in IoT devices and wireless infrastructure will spur demand for memory and storage.
<h2>Strong Earnings Estimate Revisions for MU Stock</h2>
MU has an expected revenue and earnings growth rate of 57% and more than 100%, respectively, for the current year (ending August 2025). The Zacks Consensus Estimate for the current-quarter, current-year and next-year earnings has improved over the last 60 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c8/76923.jpg?v=2082363500" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Tremendous Price Upside Potential for MU Shares</h2>
The stock price of Micron Technology has advanced a meager 1.3% year to date. In the past month shares have fallen 6.2%. Despite this, the short-term average price target of brokerage firms for the stock represents a jump of 80% from the last closing price of $86.38. The brokerage target price is currently in the range of $100-$225.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/87/76920.jpg?v=1007267854" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>NetApp Inc.</h2>
NetApp&#39;s performance is being driven by demand across the all-flash and cloud storage portfolio. In the fourth quarter of 2024, all-Flash Array Business&#39; annualized revenue run rate was $3.6 billion, up 17% year over year.&nbsp;
NetApp expects its expertise in tackling critical customer priorities, such as AI, business analytics, cloud transitions, data security and application modernization, to drive expansion. The enterprise storage products of NTAP will allow users to boost their workload including traditional enterprise applications and generative AI.&nbsp;
<h2>Robust Earnings Estimate Revisions for NTAP Stock</h2>
NTAP has an expected revenue and earnings growth rate of 4.9% and 8.8%, respectively, for the current year (ending April 2025). The Zacks Consensus Estimate for the current-quarter, next-quarter, current-year and next-year earnings has improved over the last 30 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1a/76924.jpg?v=1773792438" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<h2>Attractive Price Upside Potential for NTAP Shares</h2>
The stock price of NetApp has climbed 29.6% year to date. In the past month shares have fallen 4.2%. Despite this, the short-term average price target of brokerage firms for the stock represents an increase of 13.3% from the last closing price of $114.18. The brokerage target price is currently in the range of $108-$155.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8b/76921.jpg?v=1955470733" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2333340/golden-opportunity-to-buy-3-ai-focused-stocks-on-the-recent-dip?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2333340">To read this article on Zacks.com click here.</a>

INTC

Golden Opportunity to Buy 3 AI-Focused Stocks on the Recent Dip

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our a<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst ratings page.</a>
<ul>
<li>Evercore ISI Group raised the price target for Southwest Airlines Co.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) from $30 to $35. Evercore ISI Group analyst Duane Pfennigwerth upgraded the stock from In-Line to Outperform. Southwest shares gained 0.6% to close at $28.92 on Friday.<a href="https://www.benzinga.com/quote/LUV/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) from $212 to $177. B of A Securities analyst Craig Siegenthaler downgraded the stock from Neutral to Underperform. CME Group shares gained 0.8% to close at $215.74 on Friday. <a href="https://www.benzinga.com/quote/CME/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) price target from $152 to $165. Baird analyst Joe Vruwink maintained an Outperform rating. Guidewire shares gained 0.9% to close at $148.77 on Friday. <a href="https://www.benzinga.com/quote/GWRE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Ascendiant Capital cut the price target for Verb Technology Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) from $4.5 to $4. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Verb Technology shares gained 3.3% to close at $0.0723 on Friday. <a href="https://www.benzinga.com/quote/VERB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods boosted The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $255 to $275. Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained an Outperform rating. Progressive shares gained 0.9% to close at $252.20 on Friday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) price target from $121 to $150. Loop Capital analyst Ananda Baruah upgraded the stock from Hold to Buy. NetApp shares gained 1.3% to close at $120.72 on Friday. <a href="https://www.benzinga.com/quote/NTAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho boosted the price target for International Flavors &amp; Fragrances Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) from $109 to $120. Mizuho analyst John Roberts upgraded the stock from Neutral to Outperform. International Flavors &amp; Fragrances shares rose 1% to close at $103.99 on Friday. <a href="https://www.benzinga.com/quote/IFF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) price target from $18 to $19. B of A Securities analyst Brad Sills maintained a Buy rating. Bilibili shares rose 1.1% to close at $14.38 on Friday. S<a href="https://www.benzinga.com/quote/BILI/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Wells Fargo slashed The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $185 to $119. Wells Fargo analyst Matthew Akers downgraded the stock from Equal-Weight to Underweight. Boeing shares gained 0.9% to close at $173.74 on Friday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $205 to $190. Morgan Stanley analyst Brian Nowak maintained an Overweight rating. Alphabet shares gained 1% to close at $163.38 on Friday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GOOGL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03080019/image-9-1024x501.png" alt="" class="wp-image-526733" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03080019/image-9-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03080019/image-9-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03080019/image-9-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03080019/image-9.png 1362w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

BILI

GWRE

VERB

Alphabet To $190? Here Are 10 Top Analyst Forecasts For Tuesday

General

NetApp shares are trading higher after Loop Capital upgraded the stock from Hold to Buy and raised its price target to $150.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/593fe7a785b07a00010be6c3/ananda-baruah">Loop Capital analyst Ananda Baruah </a>upgraded the rating for NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Hold to Buy and raised the price target from $121 to $150. NetApp shares gained 1.3% to close at $120.72 on Friday. <a href="https://www.benzinga.com/quote/NTAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank analyst Matt O&#8217;Connor upgraded the rating for Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) from Hold to Buy and announced a price target of $45. Bank of America shares gained 1.4% to close at $40.75 on Monday. <a href="https://www.benzinga.com/quote/BAC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee56ee7bf6000154d12f/duane-pfennigwerth">Evercore ISI Group analyst Duane Pfennigwerth</a> upgraded Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) from In-Line to Outperform, while increasing the price target from $30 to $35. Southwest shares rose 0.6% to close at $28.92 on Friday. <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank analyst Matt O&#8217;Connor upgraded the rating for Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) from Hold to Buy and announced a price target of $65. Wells Fargo shares gained 2% to settle at $58.47 on Friday. <a href="https://www.benzinga.com/quote/WFC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/topic/john-roberts">Mizuho analyst John Roberts</a> upgraded International Flavors &amp; Fragrances Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) from Neutral to Outperform and boosted the price target from $109 to $120. Intl Flavors &amp; Fragrances shares gained 1% to close at $103.99 on Friday. <a href="https://www.benzinga.com/quote/IFF/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BAC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03074739/image-8-1024x499.png" alt="" class="wp-image-526703" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03074739/image-8-1024x499.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03074739/image-8-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03074739/image-8-768x374.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/03074739/image-8.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Loop Capital analyst Ananda Baruah upgrades NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Hold to Buy and raises the price target from $121 to $150.

Loop Capital Upgrades NetApp to Buy, Raises Price Target to $150

NetApp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>) has introduced new capabilities to bolster VMware Cloud Foundation deployments. These enhancements will allow mutual customers to optimize their IT environments for efficient scaling of VMware workloads.
These offerings are built on last month&#39;s enhancements to NetApp BlueXP disaster recovery service, which now includes guided workflows for automating disaster recovery plans for VMware workloads in hybrid cloud environments, with new support for VMFS datastores.
Customers of both NetApp and Broadcom can now simplify VCF hybrid cloud environments with NetApp ONTAP software. It will also support all storage needs and incorporate SnapMirror active sync for enhanced data replication and availability. For those migrating to the cloud, NetApp&#39;s Spot Eco with Azure VMware Solution (AVS) reserved instances and Azure NetApp Files offer significant cost savings. Additionally, the expanded Cloud Insights VM Optimization features help reduce costs, improve VM density and ensure optimal performance and adherence to configuration.
For more than a decade, NetApp has been a key engineering design partner with VMware, recently acquired by Broadcom Inc. The company continues to drive innovation in highly available, scalable and performant storage as a design partner for VMware&#39;s Next-Generation vSphere Virtual Volumes.
NetApp and Broadcom joined forces to eliminate uncertainty in hybrid cloud environments. With more than 20,000 customers depending on NetApp for VMware workload support, NetApp emphasized that its ongoing collaboration with Broadcom, following VMware&#39;s acquisition, guarantees seamless integration of their solutions. This ensures that mutual customers can efficiently utilize a unified, &quot;intelligent data infrastructure&quot; for their VMware operations.
<div class="chart_embed">
<h3>NetApp, Inc. Price and Consensus</h3>
<img alt="NetApp, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e6/1724940372.png" style="height:265px; width:581px" title="" />
NetApp, Inc. price-consensus-chart | NetApp, Inc. Quote
This collaboration with NetApp also enables their mutual customers to deploy cutting-edge data and storage services on their private cloud platforms, ensuring they maximize the value of their VMware environments, Broadcom added.
Based in San Jose, CA, NetApp provides enterprise storage as well as data management software and hardware products and services.
The company recently reported first-quarter fiscal 2025 revenues of $1.54 billion, marking an 8% year-over-year increase and exceeding the Zacks Consensus Estimate by 0.46%. This growth was driven by a 40% year-over-year surge in revenues from first-party and marketplace cloud storage services. The company also reported non-GAAP earnings of $1.56 per share, up 35.7% and surpassing the Zacks Consensus Estimate of $1.46.
</div>
<h2>NTAP&#39;S Zacks Rank &amp; Stock Price Performance</h2>
Currently, NTAP carries a Zacks Rank #2 (Buy). Shares of the company have gained 72.5% compared with the sub-industry&#39;s growth of 55.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7a/75964.jpg?v=1229461314" />
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks from the broader technology space are Manhattan Associates, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>), ANSYS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) and Adobe Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>).&nbsp;MANH presently sports a Zacks Rank #1 (Strong Buy) each, whereas ANSS &amp; ADBE carry a Zacks Rank #2.
Manhattan Associates delivered an earnings surprise of 26.6%, on average, in the trailing four quarters. In the last reported quarter, MANH pulled off an earnings surprise of 22.9%. The Zacks Consensus Estimate for MANH increased 9.2% in the past 60 days to $4.26.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
Adobe delivered an earnings surprise of 2.7%, on average, in the trailing four quarters. In the last reported quarter, ADBE pulled off an earnings surprise of 2.1%. It has a long-term earnings growth expectation of 13%.
<a href="https://www.zacks.com/stock/news/2329115/netapp-unveils-capabilities-to-enhance-vmware-cloud-deployments?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2329115">To read this article on Zacks.com click here.</a>

ADBE

ANSS

MANH

NetApp Unveils Capabilities to Enhance VMware Cloud Deployments

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported better-than-expected earnings for its <a href="https://www.benzinga.com/quote/NTAP/earnings">first quarter on Wednesday.</a>
NetApp reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.45 per share. The company reported quarterly sales of $1.541 billion which beat the analyst consensus estimate of $1.526 billion.
NetApp said it sees second-quarter adjusted earnings of $1.73 to $1.83 per share on net revenues of $1.565 billion to $1.715 billion.
&#8220;We started fiscal year 2025 on a high note, delivering strong revenue growth and setting records for first quarter operating margin and EPS. These results are a testament to our strong execution in a continued uncertain macroeconomic environment, our unwavering confidence in the customer benefits of the highly differentiated NetApp intelligent data infrastructure platform, and our disciplined management of the business,&#8221; said George Kurian, chief executive officer. &#8220;I am confident in our ability to capitalize on this momentum, as we address new market opportunities, extend our leadership position in existing markets, and deliver increasing value for all our stakeholders.&#8221;
NetApp shares fell 8% to trade at $121.40 on Thursday.
These analysts made changes to their price targets on NetApp following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58e64305b85e9300014c97f9/wamsi-mohan">B of A Securities analyst Wamsi Mohan</a> maintained NetApp with an Underperform and raised the price target from $105 to $110.</li>
<li>UBS analyst David Vogt maintained the stock with a Neutral and raised the price target from $121 to $134.</li>
<li>Barclays analyst Tim Long maintained NetApp with an Equal-Weight and raised the price target from $116 to $119.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac4af2b85e930001e6383f/samik-chatterjee">JP Morgan analyst Samik Chatterjee</a> maintained the stock with a Neutral and raised the price target from $146 to $147.</li>
<li>Stifel analyst Matthew Sheerin maintained NetApp with a Buy and boosted the price target from $138 to $140.</li>
</ul>
Considering buying NTAP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image is-resized"><img decoding="async" src="blob:https://editorial.benzinga.com/78379ae8-c252-4378-ac41-90e41c30f3a6" alt="" style="width:614px;height:auto" /></figure>

NetApp Analysts Boost Their Forecasts After Upbeat Earnings

Wall Street rallied robustly on Thursday, with traders embracing a risk-on approach after government data revealed the U.S. economy grew by 3% in the second quarter, outpacing earlier estimates of 2.8%, driven by strong upward <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40629012/gdp-data-shows-economy-in-good-shape-job-market-key-for-rest-of-2024-economists">revisions in household consumption. </a>
The upbeat market sentiment prevailed even as NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the year&#8217;s top-performing S&amp;P 500 stock, slipped over 3% following its earnings report, with revenue projections for the current quarter failing to impress the heightened expectations.
Other semiconductor stocks decoupled from Nvidia <a href="https://www.benzinga.com/news/earnings/24/08/40630439/semiconductor-etfs-rally-despite-nvidia-dip-10-chipmakers-defy-the-ai-darlings-drop">and showed strong gains</a>, with the broader iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) up over 2%. 
Small caps rallied 1.4%, positively reacting to the upwardly revised GDP data. The Dow Jones Industrial Average rose 1.1%. achieving fresh record highs to over 41,500 points. 
Commodities gained strength, with natural gas rallying 2%, oil prices climbing 1.6%, gold advancing 0.8%, and silver rising 1.3%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 2.5%, on track to snap three straight session of losses. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,223.27</td>
<td>1.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,614.94</td>
<td>1.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,562.92</td>
<td>1.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,645.35</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.9% higher to $563.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $416.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 1.2% to $477.23.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.4% to $220.24.</li>
<li>The Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) outperformed, up by 1.5%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Chipmaker stocks rallying the most on Thursday despite Nvidia&#8217;s dip were Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 5.6%, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) up 4.7% and ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 4.3%.</li>
<li>Other stocks moving on earnings are American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) down 3.3%, Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) up 33%, Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) up 15%, Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) up 0.7%, Campbell Soup Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) down 1.5%, Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) up over 11%, CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) up 5%, Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) down 30%, Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 1%, HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) up 4%, Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) up 19%, NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) down 8%, Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) down 16%, Pure Storage, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) down 15%, Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) up 0.5% and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) down 1.3%.</li>
<li>Those reporting after the close include Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) and Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>).</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40628887/nvidia-analysts-say-pullback-is-buying-opportunity-pushing-ai-envelope-too-signific">Nvidia Analysts Say Pullback Is Buying Opportunity: &#8216;Pushing AI Envelope Too Significant To Slow Down&#8217;</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Macro Economic Events

Commodities

Small Cap

Econ #s

Economics

ETFs

$BTC

ADSK

AFRM

BURL

CRWD

DELL

SPDR Dow Jones Industrial Average ETF Trust

FIVE

LULU

MRVL

NTNX

OKTA

OLLI

PSTG

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

ULTA

VSCO

XLRE

US Stocks Rally, Dow Jones Achieves Record Highs As GDP Outperforms, Nvidia Falls: What's Driving Markets Thursday?

In the last three months, 16 analysts have published ratings on NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $134.06, along with a high estimate of $155.00 and a low estimate of $110.00. Observing a 6.19% increase, the current average has risen from the previous average price target of $126.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1724947254_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive NetApp is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$147.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$119.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$134.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$155.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Jim Suva</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$130.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Amit Daryanani</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$130.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$138.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$155.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$127.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jim Kelleher</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NetApp. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of NetApp compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of NetApp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of NetApp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NTAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on NetApp analyst ratings.</a>
<h2>About NetApp</h2>
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
<h3>Breaking Down NetApp's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: NetApp's revenue growth over a period of 3 months has been noteworthy. As of 30 April, 2024, the company achieved a revenue growth rate of approximately 5.5%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 17.45%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): NetApp's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 27.2%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): NetApp's ROA stands out, surpassing industry averages. With an impressive ROA of 3.02%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: NetApp's debt-to-equity ratio stands notably higher than the industry average, reaching 2.31. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down NetApp: 16 Analysts Share Their Views

Stifel analyst Matthew Sheerin maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Buy and raises the price target from $138 to $140.

Stifel Maintains Buy on NetApp, Raises Price Target to $140

WIIM

NetApp shares are trading lower. The company reported Q1 financial results.

JP Morgan analyst Samik Chatterjee maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Neutral and raises the price target from $146 to $147.

JP Morgan Maintains Neutral on NetApp, Raises Price Target to $147

The top 10 positions in QQQ constitute almost half of its total weight. Although current tech leaders may have become too pricey two Invesco Nasdaq ETFs target future tech leaders: QQQJ and QQQS.  Both have "Buy" ratings from ValuEngine.

Beyond QQQ: Two Nasdaq ETFs For Finding Potential Future Tech Superstars

Our Top 10 Dividend Growth Stocks - September 2024

Stocks that are expected to benefit from lower fed funds rate and a softer labor market

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on NetApp (NTAP – Research Report), Dayforce Inc (DAY...

Analysts Offer Insights on Technology Companies: NetApp (NTAP), Dayforce Inc (DAY) and Jamf Holding (JAMF)

In a report released today, Meta Marshall from Morgan Stanley maintained a Hold rating on NetApp (NTAP – Research Report), with a price target of $...

NetApp Hold Rating Justified Amid Balancing AI Strategy Prospects and Current Market Cost Sensitivities

Analyst Aaron Rakers from Wells Fargo maintained a Hold rating on NetApp (NTAP – Research Report) and keeping the price target at $135.00. Aaron Ra...

NetApp Strategic Positioning Amidst AI and Cloud Trends: A Balanced Hold Rating

Evercore ISI analyst Amit Daryanani maintained a Hold rating on NetApp (NTAP – Research Report) today and set a price target of $130.00. The compan...

Evercore ISI Sticks to Their Hold Rating for NetApp (NTAP)

Guggenheim Directional Allocation Fund Q2 2024 Commentary

NetApp: Trading At Great Value Despite AI Tailwinds

Shelton Equity Income Strategy Q2 2024 Commentary

AAPL

AMAT

AMSC

AVGO

CBRE

CSCO

CTAS

CTSH

DXCM

EPAM

FTNT

HLNE

JAMF

JKHY

KEYS

KLAC

MPWR

MSFT

OLED

ORLY

PANW

PAYC

QQQJ

QQQS

SILK

STLD

TRMB

TTEK

WING

WYNN

Press Releases

NetApp Hosts Technology Sessions at 2024 Insight Conference in Las Vegas, Nevada

Aruba and NetApp Partner to Elevate IT Offerings

NetApp Signs Strategic Collaboration Agreement with AWS to Enhance Cloud-Based Data Services

NetApp Accelerates Critical Block Storage Workloads with New High-Performance Systems

NetApp Makes Data More Resilient with Secure Storage

NetApp Teams with NVIDIA to Redefine Enterprise RAG and Power Agentic AI

NetApp Powers the Future of AI with Intelligent Data Infrastructure

F5 and NetApp Accelerate and Streamline Large Language Model AI Deployments

Dremio and NetApp Deliver Scalable, Secure, High-Performance Hybrid Iceberg Lakehouse Capabilities with New integrated Data Management and Analytics Solution

NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure

Comments

NetApp

Actualités

Dernières nouvelles pour NetApp (NASDAQ:NTAP) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL