Investing.com -- Susquehanna downgraded NetApp Inc (NASDAQ:NTAP) to Neutral on delayed Enterprise AI-driven demand until 2026. After the stock nearly doubled since September 2023, Susquehanna sees a less favorable risk/reward profile and expects a transitional year in 2025 as enterprises optimize data infrastructure ahead of AI adoption.
“We think there is increased downside risk to consensus, especially in the July and October quarters as compares become challenging, while Enterprise AI is not expected to help with incremental demand until CY26,” analyst said.
The firm lowered its price target to $130, noting that while NetApp has likely gained market share, enterprise AI investments are still in the early stages and won’t drive significant storage capacity expansion until 2026.
Related Articles
Susquehanna cuts rating on NetApp stock
Trump to announce 25% steel and aluminium tariffs in latest trade salvo
Shares of U.S. steel, aluminium companies surge pre-market
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。