On July 6, NetApp rose 5.09% in regular trading, trading at $162.045/share, with turnover of $49.55 million. The stock advanced alongside a broad rally in the storage hardware sector.

On the news front, the Technology Hardware, Storage & Peripherals sector saw collective strength, with Western Digital up 10.34%, Dell Technologies up 7.82%, and Seagate Technology up 7.19%. NetApp benefited from both sector momentum and a wave of analyst upgrades. Daiwa Securities recently raised its target price on NetApp from $117 to $180, maintaining an Outperform rating. Earlier, BofA Securities raised its target to $180, Citic Securities to $199, and Argus Research to $200, pushing the consensus mean target price to $175.69.

The upgrades follow NetApp's fiscal Q4 results reported in late May, which beat expectations with adjusted EPS of $2.43 versus the $2.27 estimate and revenue of $1.95 billion versus the $1.87 billion estimate. The company guided fiscal 2027 full-year adjusted EPS of $8.70-$9.00, above the $8.55 consensus, supported by strong all-flash array demand driven by AI workloads.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)