On August 10, NetApp rose 5.27% in regular trading, trading at $200.37/share, with turnover of $63.72 million.

On the news front, Morgan Stanley upgraded NetApp from Underweight to Equalweight and raised its price target significantly from $137 to $173. The removal of one of the most prominent bearish calls on the street provided a notable boost to investor sentiment. According to FactSet, the stock now carries an average analyst rating of overweight with a mean price target of $179.50.

The upgrade follows a series of positive analyst actions in recent months. Argus Research raised its target to $200, Citic Securities to $199, Daiwa Securities to $180, BofA Securities to $180, and JPMorgan to $175. These revisions were largely driven by NetApp's fiscal Q4 results, which significantly beat expectations with revenue of $1.948 billion, up 12% year-over-year, and adjusted EPS of $2.43, exceeding consensus by approximately 7%. The company also issued above-consensus full-year fiscal 2027 guidance of $8.70-$9.00 in adjusted EPS on revenue of $7.325-$7.575 billion, reflecting strong demand tied to AI-driven data infrastructure needs.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)