Barclays Raises Target Price on NetApp to $125, Maintains Overweight Rating

Barclays analyst Tim Long maintains an "Overweight" rating on NetApp (NTAP) while raising the target price from $117.00 to $125.00, a 6.84% increase. The rating remains consistent, and the new price target is set for August 28, 2025. Other analysts have also provided ratings and target price adjustments for NTAP, with an average target price of $116.21 and a high estimate of $130.00. The average target implies an upside of 1.15% from the current price.

Barclays analyst Tim Long has maintained an "Overweight" rating on NetApp (NTAP) while raising the target price from $117.00 to $125.00, a 6.84% increase. The rating remains consistent, and the new price target is set for August 28, 2025. Other analysts have also provided ratings and target price adjustments for NTAP, with an average target price of $116.21 and a high estimate of $130.00. The average target implies an upside of 1.15% from the current price.

NetApp's recent earnings reports have been strong indicators of the company's resilience and growth potential. In Q1 2025, the company reported record $673 million in operating cash flow and 25.8% non-GAAP margins, outperforming peers amid industry margin declines [2]. The Public Cloud revenue grew 33% YoY, driven by AI infrastructure demand and NetApp's leadership in all-flash storage [2]. Additionally, strategic partnerships with NVIDIA and Microsoft have enabled the company to develop secure, scalable AI solutions [2].

Despite these positive earnings, NetApp's stock price has been volatile in recent months. The company's shares fell nearly 6% in extended trading following the revenue forecast announcement, reflecting market concerns about higher interest rates and sticky inflation [1]. However, Argus Research's renewed buy rating with a price target of $130 suggests that the firm believes in NetApp's long-term prospects, particularly in the hybrid cloud storage market [1].

The mixed analyst consensus for NetApp shows 11 hold ratings and 6 buy ratings, with the consensus being "hold" [1]. Other major financial institutions have also provided ratings and price targets for NetApp, with a mix of buy, hold, and sell ratings [1]. Despite the challenges in the current economic environment, the positive outlook from analysts like Tim Long and Argus Research indicates that investors should closely monitor NetApp's progress.

In conclusion, while NetApp faces challenges in the current economic environment, the positive earnings reports and analyst ratings suggest that the company's long-term prospects are strong. Investors should consider the recent earnings reports and analyst ratings when making investment decisions.

References:
[1] https://www.ainvest.com/news/argus-research-reiterates-buy-rating-netapp-130-price-target-2508/
[2] https://www.ainvest.com/news/netapp-q1-2025-earnings-outperformance-blueprint-sustained-growth-cloud-era-2508/