10 Stocks That Analysts Think Will Go Up

3. NetApp Inc. (NASDAQ:NTAP)

NetApp, Inc. (NASDAQ:NTAP) provides products and services related to data infrastructure globally. The company has two segments through which it earns its revenue: Hybrid Cloud and Public Cloud. The stock was recently upgraded from Underperform to Neutral,  with the price target bumped up from $121 to $128.

The increasing demand for public cloud as a result of the AI infrastructure spending has expanded the company’s Total Addressable Market. As the company continues to gain market share and keep gross margins table at 71%-72%, the growth prospects look solid.

Additionally, analysts see operating margins growing to around 30% with healthy free cash flows. All this is likely to improve the stock’s prospects, though outperformance is still unlikely, hence the upgrade to Neutral only.