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via seekingalpha.comMarkets

NetApp in focus as Evercore upgrades on improved outlook

FROM THE WIRE · SEEKINGALPHA.COM

[NetApp office building in Wichita, Kansas, USA.] JHVEPhoto NetApp (NTAP [https://seekingalpha.com/symbol/NTAP]) was in focus on Wednesday as Evercore upgraded the data infrastructure company for several reasons, including a better outlook for next year. Shares rose 1.6% in…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEvercore upgrades NetApp citing better outlook for next year and upside potential versus guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Evercore upgrades NetApp citing better outlook for next year.
  2. 02FY27 revenue growth guidance of ~17% leaves meaningful room for upside, analyst says.
  3. 03Implied H1 growth is ~26%, with potential for low-20% FY27 growth.
  4. 04Shares rise 1.6% in premarket trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NetApp, Inc.NTAPStock228.45 USDMarket closedtoday +2.09%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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