Morgan Stanley Downgrades NetApp (NTAP) Due to 15-Year Low in IT Hardware Budget Growth

This displacement followed a CIO survey indicating the slowest hardware fund maturation successful 15 years, alongside reseller expectations of an elastic request effect to input outgo inflation. The steadfast adopted a much antiaircraft stance connected IT hardware contempt secular AI tailwinds and cited a cleanable tempest of cautionary factors emerging from its caller research.

Additionally, connected January 13, Goldman Sachs expert Katherine Murphy initiated sum of NetApp with a Buy standing and a $128 terms target. Although the steadfast projects the broader outer retention marketplace to turn astatine a humble 4% year-over-year successful 2025, Murphy identified circumstantial high-growth areas wrong assorted media and information retention categories. Based connected these trends, the steadfast expects NetApp to support its enactment presumption successful the expanding all-flash retention market.

NetApp Inc. (NASDAQ:NTAP) provides a scope of endeavor software, systems, and services that customers usage to alteration their information infrastructures successful the US, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It has 2 segments: Hybrid Cloud and Public Cloud.

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