NetApp Is Poised For Revenue Growth Acceleration With AI Spending: Analyst -...

Published on 16 Dec 2024 on Benzinga

NetApp Is Poised For Revenue Growth Acceleration With AI Spending: Analyst -...

JPMorgan analyst Samik Chatterjee upgraded the rating for NetApp Inc NTAP from Neutral to Overweight, while raising the price target from $150 to $160.

The company's revenue growth is likely to accelerate, driven by higher IT budgets for data centers and storage infrastructure of Enterprises looking to leverage AI use cases, according to JPMorgan.

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