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Evercore ISI upgrades NetApp rating, raises price target to $300

Investor's Business Daily +1 ·

NTAP Netapp Inc
$235.77 +3.20%
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  1. 1Evercore ISI raised its rating on NetApp from 'In Line' to 'Outperform' and increased the price target from $210 to $300.
  2. 2NetApp shares rose more than 3% in intraday trading on Wednesday, hitting a record high of over $236.
  3. 3Evercore ISI assessed that NetApp's fiscal 2027 growth guidance of approximately 17% is conservative, as it implies a 9% growth slowdown in the second half.

So what's the key point?

Experts raised the target price for NetApp to $300, predicting the stock price will rise further. Following this news, the stock price rose to a record high.

Source Investor's Business Daily +1 · View original ↗

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