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NetApp reported fiscal 2027 first-quarter EPS of $2.58, beating $2.12 consensus by 21.7%. Revenue was $2.03 billion versus $1.84 billion Street. It raised adjusted EPS guidance to $9.73-$10.03 and revenue outlook to $7.98B-$8.23B.
Susquehanna raised its NetApp price target to $195.00 per share from $185.00, while maintaining a Neutral rating.