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Goldman Sachs raises the target price of NetApp to $240, maintaining a buy rating
Businessinsider
48m ago
Ai Focus
After Goldman Sachs held a customer event and investor technical exchange meeting for INSIGHT last week on NetApp, it raised its target price from $210 to $240 and maintained its buy rating. Goldman Sachs stated that NetApp has launched new products and expanded its related capabilities to meet the data infrastructure needs of new cloud/ultra-large-scale cloud, enterprise, and sovereign customers, therefore raising its earnings per share forecasts for 2028 and 2029 by 6% and 13%, respectively.
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After Goldman Sachs held a INSIGHT customer event and investor technical exchange meeting for NetApp last week, it raised the target price for the company from $210 to $240 and maintained a “buy” rating on the stock.

In a research report, this analyst told investors that NetApp has launched new products and expanded its related capabilities, aiming to meet the data infrastructure needs of new cloud/ultra-large-scale cloud customers, enterprises, and sovereign clients.

Goldman Sachs also stated that, considering the expanding opportunities for NetApp in ultra-large-scale cloud/new cloud customers and the software-first approach, it has raised its earnings per share forecasts for 2028 and 2029 by 6% and 13%, respectively.

This article was originally published on TheFly, a platform dedicated to providing real-time financial news that may influence market trends.

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