** Data storage firm NetApp's NTAP.O shares fall ~2% to $120.61 in premarket trading
** Susquehanna downgrades NTAP to "neutral" from "positive", slashes price target to $130 from $155
** Brokerage says enterprise AI is not expected to help with incremental demand until 2026
** "It simply takes time to get the data ready for AI application within Enterprises. We view 2025 as a transition year when Enterprises consolidate and optimize data lakes to prepare for AI application in 2026," says Susquehanna
** 7 of 22 brokerages rate the stock "buy" or higher, 14 "hold" and 1 "sell"; their median PT is $136.5
** Stock had risen 31.7% in 2024
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))
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