Banque Pictet & Cie SA and
Core Alternative Capital acquired positions in
NetApp Inc. (NTAP), while
Susquehanna downgraded the stock, cutting the price target to $130 due to concerns regarding AI demand.
Low revenue growth has limited profitability expansion, amidst the launch of
AI-driven ASA storage systems, that enhance cyber resilience, and the introduction of new storage systems that reduce costs by 50% while providing high reliability. There has also been a sale of shares by
Entropy Technologies LP and insider selling from
NetApp's EVP. Notably, several other financial entities including
Portfolio Design Labs LLC,
Empowered Funds LLC,
abrdn plc have made significant investments in NTAP's shares. NTAP has revolutionized block storage to meet modern workload demands. However, their share price potentially signals some risk. Insight from 11 analyst reviews suggests NTAP's current position is attracting investor attention. The company is also expected to unveil new data infrastructure solutions, with
Wissam Jabre joining as the Executive Vice President and Chief Financial Officer highlighting NTAP's progress. Despite some downgrades, there's a favorable outlook due to NTAP's potential AI innovations driving revenue growth in 2025.
Netapp NTAP News Analytics from Mon, 26 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 10:48:42 GMT -
Rating 4
- Innovation 2
- Information 5
- Rumor 5
