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Bank of America increased its price target for NetApp Inc. (NTAP) to $220 from $200, citing the company's AI strategy and the expanding addressable market for storage providers following the INSIGHT 2026 event.
NetApp reported Q1 revenue of $2.03 billion, up 30% year over year, and raised fiscal 2027 guidance to $7.975 billion-$8.225 billion for revenue and $9.73-$10.03 for EPS.
Bank of America raised price targets on 10 software stocks, saying fears of AI disruption are easing while it favors names with stronger growth and emerging AI monetization.
BofA Global Research raises Intel price objective to $160 from $135
Apple CEO Tim Cook told the Wall Street Journal this week that the iPhone maker plans price increases on its products due to the ongoing memory shortage. The disclosure underscores the widespread impact of the memory crisis, as Apple is typically able to exert its market control to manage costs. "Even Apple can't be sa