TD Cowen analyst Krish Shankar raised the firm’s price target on NetApp to $90 from $85 and keeps an Outperform rating on the shares. The firm said the company reiterated its 2024 guidance and expected growth in all-flash storage mix in the second half offsets weakness in subscription cloud.
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Read More on NTAP:
- NetApp price target raised to $85 from $80 at Stifel
- NetApp price target raised to $83 from $80 at Citi
- NetApp backs FY24 EPS view of $5.65-$5.85, consensus $5.71
- NetApp sees Q2 EPS $1.35-$1.45, consensus $1.37
- NetApp reports Q1 EPS $1.15, consensus $1.07
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