NetApp Analysts Boost Their Forecasts After Strong Q1 Earnings-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

NetApp Analysts Boost Their Forecasts After Strong Q1 Earnings

Benzinga Earnings09-03 21:19

NetApp Inc. (NASDAQ:NTAP) on Wednesday posted better-than-expected fiscal 2027 first-quarter results.

NetApp reported quarterly earnings of $2.58 per share, which beat the consensus estimate of $2.12 by 21.7%, per Benzinga Pro data. Quarterly revenue of $2.03 billion beat the Street estimate of $1.84 billion and was up from $1.56 billion in the same period last year.

“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said CEO George Kurian.

NetApp raised its fiscal 2027 adjusted EPS guidance to between $9.73 and $10.03, versus the $9.01 analyst estimate, and raised its revenue outlook to between $7.98 billion and $8.23 billion, versus the $7.54 billion estimate.

NetApp shares fell 11.2% to $160.50 in pre-market trading.

These analysts made changes to their price targets on NetApp following earnings announcement.

Susquehanna analyst Mehdi Hosseini maintained the stock with a Neutral and raised the price target from $185 to $195.
Wedbush analyst Matt Bryson maintained the stock with a Neutral and raised the price target from $150 to $170.

Considering buying NTAP stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2664825877?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-03 21:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664825877","market":"us","top_or_hot":-1,"title":"NetApp Analysts Boost Their Forecasts After Strong Q1 Earnings","media":"Benzinga Earnings","content":"<html><body><p><strong>NetApp Inc</strong>. (NASDAQ:NTAP) on Wednesday posted better-than-expected fiscal 2027 first-quarter results.</p>\n<p>NetApp reported quarterly earnings of $2.58 per share, which beat the consensus estimate of $2.12 by 21.7%, per Benzinga Pro data.  Quarterly revenue of $2.03 billion beat the Street estimate of $1.84 billion and was up from $1.56 billion in the same period last year. </p>\n<p>“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said CEO George Kurian.</p>\n<p>NetApp raised its fiscal 2027 adjusted EPS guidance to between $9.73 and $10.03, versus the $9.01 analyst estimate, and raised its revenue outlook to between $7.98 billion and $8.23 billion, versus the $7.54 billion estimate.</p>\n<p>NetApp shares fell 11.2% to $160.50 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on NetApp following earnings announcement.</p>\n<ul>\n<li>Susquehanna analyst Mehdi Hosseini maintained the stock with a Neutral and raised the price target from $185 to $195.</li>\n<li>Wedbush analyst Matt Bryson maintained the stock with a Neutral and raised the price target from $150 to $170.</li>\n</ul>\n<p><strong>Considering buying NTAP stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"311\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-1024x311.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-1024x311.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-300x91.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-768x234.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87.png 1167w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NetApp Analysts Boost Their Forecasts After Strong Q1 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetApp Analysts Boost Their Forecasts After Strong Q1 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-09-03 21:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>NetApp Inc</strong>. (NASDAQ:NTAP) on Wednesday posted better-than-expected fiscal 2027 first-quarter results.</p>\n<p>NetApp reported quarterly earnings of $2.58 per share, which beat the consensus estimate of $2.12 by 21.7%, per Benzinga Pro data.  Quarterly revenue of $2.03 billion beat the Street estimate of $1.84 billion and was up from $1.56 billion in the same period last year. </p>\n<p>“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said CEO George Kurian.</p>\n<p>NetApp raised its fiscal 2027 adjusted EPS guidance to between $9.73 and $10.03, versus the $9.01 analyst estimate, and raised its revenue outlook to between $7.98 billion and $8.23 billion, versus the $7.54 billion estimate.</p>\n<p>NetApp shares fell 11.2% to $160.50 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on NetApp following earnings announcement.</p>\n<ul>\n<li>Susquehanna analyst Mehdi Hosseini maintained the stock with a Neutral and raised the price target from $185 to $195.</li>\n<li>Wedbush analyst Matt Bryson maintained the stock with a Neutral and raised the price target from $150 to $170.</li>\n</ul>\n<p><strong>Considering buying NTAP stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"311\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-1024x311.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-1024x311.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-300x91.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87-768x234.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03091837/image-87.png 1167w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203347892.USD","symbol_name":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/09/61601269/netapp-analysts-boost-their-forecasts-after-strong-q1-earnings","article_id":"2664825877","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664825877","pubTimestamp":1788441590,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"NetApp beat Q1 FY27 estimates and raised guidance, but shares fell 11.2%; analysts lifted price targets to $195 and $170.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","NTAP":"美国网存","BK4170":"电脑硬件、储存设备及电脑周边","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","NTAL":"GraniteShares 2x Long NTAP Daily ETF","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC"},"translate_title":"NetApp 分析师在第一季度盈利强劲后上调预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTAP":1,"NTAL":0.6},"content_text":"NetApp Inc. (NASDAQ:NTAP) on Wednesday posted better-than-expected fiscal 2027 first-quarter results.\nNetApp reported quarterly earnings of $2.58 per share, which beat the consensus estimate of $2.12 by 21.7%, per Benzinga Pro data.  Quarterly revenue of $2.03 billion beat the Street estimate of $1.84 billion and was up from $1.56 billion in the same period last year. \n“NetApp delivered a record-setting start to the year, exceeding guidance on every metric and achieving our strongest first quarter ever,” said CEO George Kurian.\nNetApp raised its fiscal 2027 adjusted EPS guidance to between $9.73 and $10.03, versus the $9.01 analyst estimate, and raised its revenue outlook to between $7.98 billion and $8.23 billion, versus the $7.54 billion estimate.\nNetApp shares fell 11.2% to $160.50 in pre-market trading.\nThese analysts made changes to their price targets on NetApp following earnings announcement.\n\nSusquehanna analyst Mehdi Hosseini maintained the stock with a Neutral and raised the price target from $185 to $195.\nWedbush analyst Matt Bryson maintained the stock with a Neutral and raised the price target from $150 to $170.\n\nConsidering buying NTAP stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}