NetApp (NTAP) Tumbles 9% on Downgraded Rating, Price Target [Yahoo! Finance]
NetApp, Inc. (NTAP)
Last netapp, inc. earnings: 2/12 04:01 pm
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Source: Yahoo! Finance
NetApp extended losses to a second day on Tuesday, shedding 9.34 percent to finish at $94.11 apiece as investors took path from an investment firm's rating and price target downgrade for its stock. In a market report, Morgan Stanley downgraded its price target and rating for NetApp Inc. (NASDAQ:NTAP) by 24 percent to $89 from $117 and to “underweight” from “equalweight” previously, amid reduced enterprise budgets for storage hardware and rising memory costs, which could lead to a slowdown in revenues in 2027. Stock market data. Photo by Photo by Alesia Kozik Additionally, Morgan Stanley said that while the artificial intelligence sector could provide a tailwind to the storage market, NetApp Inc.'s (NASDAQ:NTAP) 10 percent revenue exposure to public cloud is unlikely to impact results in the near term. Morgan Stanley added that estimates from other Wall Street analysts were too high. In other news, NetApp Inc. (NASDAQ:NTAP) recently welcomed Paul Fipps to its board of direct
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NTAP
News
- NetApp Hosts Third Quarter of Fiscal Year 2026 Financial Results WebcastBusiness Wire
- NetApp Data Platform Powers Data Operations for Super Bowl LXBusiness Wire
- NetApp (NASDAQ:NTAP) was upgraded by analysts at The Goldman Sachs Group, Inc. to a "strong-buy" rating.MarketBeat
- NetApp (NASDAQ:NTAP) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating on the stock.MarketBeat
- NetApp Appoints Paul Fipps to the Board of DirectorsBusiness Wire
NTAP
Earnings
- 11/25/25 - Beat
NTAP
Sec Filings
- 1/15/26 - Form 4
- 1/14/26 - Form 3
- 1/14/26 - Form 4
- NTAP's page on the SEC website