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Home/News Feed/NetApp sees 14% upside with strong Q4, driven by AI data center growth and FY27 revenue guidance.
NTAP
$161.89
+$7.72 +5.01%

NetApp sees 14% upside with strong Q4, driven by AI data center growth and FY27 revenue guidance.

Analyst Insights
02 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

NetApp reported strong Q4 results with 12% year-over-year revenue growth, a 71.5% non-GAAP gross margin, and $1.87 billion in free cash flow, highlighting solid financial health. The company is rated a buy with a price target of $178 for fiscal year 2027, implying a 14% upside fueled by AI-focused data center demand. Management expects 8% revenue growth in FY 2027, but further gains depend on NetApp capturing more market share from competitors like Dell and Everpure. Risks include the possibility that recent growth is driven by broader economic factors rather than company-specific performance, and Everpure may surpass NetApp in storage market share.

More News (NTAP)

NetApp stock jumps 45% in 2026 on strong AI infrastructure growth and improved guidance

NetApp stock jumps 45% in 2026 on strong AI infrastructure growth and improved guidance

NetApp (NTAP) shares have surged about 45% in 2026, driven by a market shift favoring AI infrastructure and a tripling of the company's growth rates. The company's strong recurring business is benefiting as enterprises increasingly build and deploy A...

Analyst Insights
Bullish
4 days ago
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