NetApp (NTAP) News Today

Shares of NetApp, Inc. (NASDAQ:NTAP) have climbed after a string of upbeat analyst moves and solid quarterly results, despite some concerns around forward guidance. Here’s what’s driving the action:

• Positive Sentiment: Wedbush reaffirmed its neutral rating and raised its price target to $150, implying roughly 28% upside from current levels. RTT News
• Positive Sentiment: Northland Securities lifted its target from $119 to $120 and maintained a market perform rating, signaling modest upside. Benzinga
• Positive Sentiment: NetApp delivered Q1 revenue and EPS that topped estimates, driven by strength in its all-flash portfolio and the Americas enterprise segment. Zacks
• Positive Sentiment: Q1 cash flow jumped 107%, bolstering the balance sheet and funding growth initiatives. The Motley Fool
• Positive Sentiment: NetApp set a record for all-flash revenue during the quarter, reflecting strong product demand in key markets. The Motley Fool
• Neutral Sentiment: UBS increased its target to $114 but kept a neutral rating, suggesting limited near-term upside. Benzinga The Fly
• Neutral Sentiment: William Blair reiterated a hold rating, citing a conservative outlook despite mixed performance. TipRanks
• Neutral Sentiment: Bank of America nudged its target up to $125 while retaining a neutral view. MarketBeat
• Negative Sentiment: Shares slid about 9% after Q1 results largely met guidance and the full-year outlook, tempering investor enthusiasm. Investing.com
• Negative Sentiment: Second-quarter revenue guidance disappointed Street estimates, triggering a near 6% after-hours drop. Reuters
• Negative Sentiment: NetApp underperformed Pure Storage post-earnings, as Pure’s more aggressive outlook drew investor preference. Investor’s Business Daily

Overall, NTAP’s recent upside is fueled by strong execution on flash storage and analyst target hikes, while caution around forward guidance and mixed market comparisons have capped gains.