1
0
JPMorgan analyst Samik Chatterjee upgraded the rating for NetApp Inc (NASDAQ: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.
The NetApp Thesis: Apart from higher enterprise spending, the company is also poised to benefit from its continued share gains from the recent pace of innovation, Chatterjee said in the upgrade note.
Check out other …
Full story available on Benzinga.com
Visited 1 times, 1 visit(s) today