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Home/News Feed/Argus Research raises NetApp price target to $225 after strong Q1 2027 earnings and AI storage demand
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Argus Research raises NetApp price target to $225 after strong Q1 2027 earnings and AI storage demand

Analyst Insights
11 Sep 2026
Alex Lavoie
View Source
Bullish
Argus Research raises NetApp price target to $225 after strong Q1 2027 earnings and AI storage demand

Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to $2.58, driven by high demand for AI-related storage and modernization efforts. The company also raised its full-year 2027 guidance, expecting revenues between $7.975 billion and $8.225 billion and EPS between $9.73 and $10.03. Despite recent stock gains, NetApp faces challenges such as margin pressures and tougher customer comparisons later in the year.

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