NetApp price target raised to $120 from $108 at Northland

Northland raised the firm’s price target on NetApp (NTAP) to $120 from $108 and keeps a Market Perform rating on the shares. The company reported a slight beat and raise quarter, driven largely by AFA strength, the analyst tells investors in a research note. However, the firm says the window for the next wave of native artificial intelligence data management startups remains open, tempering its enthusiasm around NetApp.