10 AI News and Ratings You Should Not Miss

3. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 41

NetApp, Inc. (NASDAQ:NTAP) provides enterprise software, storage solutions, cloud services, and support across industries globally, focusing on hybrid and public cloud infrastructure. On February 19, Bank of America upgraded NetApp to Neutral from Underperform and raised its price target to $128 from $121, pointing to a stronger storage market. The firm sees growth opportunities from AI and cloud demand, market share gains, stable gross margins, improving operating margins, and strong free cash flow. However, despite better trends, it expects limited upside to consensus estimates.