NetApp (NTAP) Blows Past Q1 and Outlook Estimates, Firms Raise PTs but Say Much of This Strength Already Priced Into Shares

NetApp (NTAP) PT Raised to $90 at Cowen

Cowen analyst Karl Ackerman raised the price target on NetApp (NASDAQ: NTAP) to $90.00 (from $80.00) while maintaining a Market Perform rating.

The analyst commented, "NTAP delivered a healthy beat-and-raise and offered a stronger outlook for F22 directionally consistent with the strength offered from component... More

NetApp (NTAP) PT Raised to $107 at Northland Capital Markets

Northland Capital Markets analyst Nehal Chokshi raised the price target on NetApp (NASDAQ: NTAP) to $107.00 (from $100.00) while maintaining a Outperform rating.... More

NetApp (NTAP) PT Raised to $95 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on NetApp (NASDAQ: NTAP) to $95.00 (from $90.00) while maintaining a Buy rating.

NetApp (NTAP) PT Raised to $86 at Deutsche Bank

Deutsche Bank analyst Jeriel Ong raised the price target on NetApp (NASDAQ: NTAP) to $86.00 (from $77.00) while maintaining a Hold rating.... More

NetApp (NTAP) PT Raised to $90 at Stifel

Stifel analyst Matthew Sheerin raised the price target on NetApp (NASDAQ: NTAP) to $90.00 (from $80.00) while maintaining a Hold rating following earnings.

The analyst commented, "We raise our estimates on NTAP and increase our PT to $90 following a solid beat and raise.... More

NetApp (NTAP) PT Raised to $94 as Credit Suisse Sees Improving Enterprise Momentum

Credit Suisse analyst Matt Cabral raised the price target on NetApp (NASDAQ: NTAP) to $94.00 (from $90.00) after the company reported strong F1Q results with rev/EPS of $1.46bn / $1.15 coming in ahead of FactSet ($1.42bn/$0.94). Management guided up F2Q with rev ($1.54bn vs. Street $1.51bn) roughly in-line with FY17-FY19 seasonality despite an improving demand backdrop and EPS ($1.19 mdpt vs.... More

NetApp (NTAP) PT Raised to $87 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the price target on NetApp (NASDAQ: NTAP) to $87.00 (from $75.00) while maintaining a Equal Weight rating.... More

NetApp (NTAP) PT Raised to $94 at Credit Suisse

Credit Suisse analyst Matt Cabral raised the price target on NetApp (NASDAQ: NTAP) to $94.00 (from $90.00) while maintaining a Outperform rating.... More

NetApp (NTAP) PT Raised to $55 at Citi

Citi analyst Jim Suva raised the price target on NetApp (NASDAQ: NTAP) to $55.00 (from $50.00) while maintaining a Sell rating.... More

NetApp (NTAP) PT Raised to $85 at Barclays

Barclays analyst Tim Long raised the price target on NetApp (NASDAQ: NTAP) to $85.00 (from $74.00) while maintaining a Equalweight rating.... More

NetApp (NTAP) Tops Q1 EPS by 20c, Offers Q3 and FY Guidance

NetApp (NASDAQ: NTAP) reported Q1 EPS of $1.15, $0.20 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.43 billion.

GUIDANCE:

NetApp sees Q2 2022 EPS of $1.14-$1.24, versus the consensus of $1.13. NetApp sees Q2... More