Form 10-K NetApp, Inc. For: Apr 26
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Evercore ISI Reiterates In Line Rating on NetApp (NTAP)
June 11, 2024 3:04 PM EDTEvercore ISI analyst Amit Daryanani reiterated an In Line rating and $120.00 price target on NetApp (NASDAQ: NTAP).
The analyst comments "NTAP hosted its analyst day, outlining key differentiators stemming from its unified platform approach, four pillars of growth, as well as updating its LT financial model. NTAP believes it remains best positioned for the age of data among its storage peers, with NTAPs TAM growing at a ~7% CAGR from FY25- 27 to ~$100B+. However, data is becoming increasingly more complex to manage,... More
