Stifel raised the firm’s price target on NetApp to $138 from $130 and keeps a Buy rating on the shares the company set what the firm calls “relatively ambitious yet achievable mid-term” FY25-27 growth and margin targets at its investor meeting in New York yesterday. Based on the company’s recent FY25 EPS guidance of $6.90, the targets imply FY26 EPS of $7.65-plus, which the firm notes is “well above” the consensus estimate of $7.31.
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