NetApp Q4 Revenue Surges to $1.95B as Analysts Lift Targets by Up to 55%
NTAP•NetApp posted Q4 revenue of $1.95 billion and adjusted EPS of $2.43, topping $1.87 billion and $2.27 estimates and guiding FY27 revenue of $7.3–7.6 billion with $8.7–9.0 EPS. Morgan Stanley raised its price target to $137 (55% upside) and kept an Underweight rating, while Barclays raised its target to $199.
1. Strong Q4 Earnings
NetApp delivered record fourth-quarter results with revenue of $1.95 billion, surpassing $1.87 billion consensus, and reported adjusted EPS of $2.43 versus estimates of $2.27 per share.
2. FY27 Guidance Provided
Management projected fiscal 2027 revenue between $7.325 billion and $7.575 billion, with adjusted EPS expected in the range of $8.70 to $9.00, signaling modest growth from the current year.
3. Divergent Analyst Targets
Analyst reactions varied, with Morgan Stanley raising its price target to $137 while retaining an Underweight rating, Wells Fargo setting a $180 target at Equal Weight and Barclays elevating its target to $199 with an Overweight stance.
4. Stock Reaction and Sentiment
Shares jumped over 17% in early trading, driving the stock toward record highs as retail sentiment turned extremely bullish and message volumes spiked to very high levels.
