NetApp offers a differentiated entry into AI infrastructure, avoiding the high multiples seen in chip stocks. NTAP has surged ~45% in 2026, driven by a sharp market shift toward storage and a tripling of its growth rates. I reiterate a buy rating, citing robust recurring business as enterprises build and deploy AI applications with NTAP solutions.
NetApp is rated a buy with an FY 2027 price target of $178, implying 14% upside driven by AI-focused data center tailwinds. NTAP posted robust Q4 results: 12% YoY revenue growth, 71.5% non-GAAP gross margin, and $1.87B in free cash flow, signaling strong fundamentals. Management guides for 8% FY 2027 revenue growth; further upside hinges on NTAP achieving market share gains over competitors like Dell and Everpure.
SAN JOSE, Calif.--(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the release of StorageGRID 12.1, designed to help customers scale AI and other modern workloads with a federated global namespace. The new capabilities improve how data is accessed, processed, and managed across distributed environments to support AI data pipelines, data lakes, and modern object-based applications. Organizations are contending with rapid growth in unstructured.
Investors interested in Computer- Storage Devices stocks are likely familiar with Teradata (TDC) and NetApp (NTAP). But which of these two companies is the best option for those looking for undervalued stocks?
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Partnership delivers a combination of intelligent data infrastructure with deep cloud and AI expertise to modernize operations and improve performance across hybrid environments MONTRÉAL and SAN JOSE, Calif., June 22, 2026 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) and NetApp (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that NetApp Keystone will power CGI's block storage solutions within its shared services platform.