11 Important AI News and Ratings for Investors

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9. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 38

NetApp, Inc. (NASDAQ:NTAP) provides a range of data management and cloud solutions designed to transform data infrastructures. The company focuses on AI-driven storage, cloud integration, and data services, helping businesses optimize their data storage, compliance, and cloud operations across various industries.

On December 17, Morgan Stanley increased NetApp’s price target to $146 from $132, maintaining an Equal Weight rating. The firm expects AI-driven companies to perform better in 2025 while being cautious about service provider stocks due to anticipated recovery already factored in.

On the other hand, JPMorgan analyst Samik Chatterjee upgraded NetApp to Overweight from Neutral, raising the price target to $160 from $150. The firm expects faster revenue growth driven by higher IT budgets for data centers and storage as enterprises prepare for AI use. NetApp is also expected to continue gaining market share due to its strong product innovation, including the C-series products and the recent launch of Block storage.

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