NetApp beats revenue estimates on robust demand for cloud services

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Go back to NetApp beats revenue estimates on robust demand for cloud services

NetApp (NTAP) PT Raised to $120 at Evercore ISI

May 31, 2024 4:51 AM EDT

Evercore ISI analyst Amit Daryanani raised the price target on NetApp (NASDAQ: NTAP) to $120.00 (from $105.00) while maintaining a In Line rating.

The analyst comments "NTAP reported a mostly in-line Apr-qtr (rev/EPS came in at $1.67B/$1.80, slightly above consensus) as Product Hardware (AFA ARR up +17% y/y) drove sales up 6% y/y while EBIT margins (28.1%) came in at the... More