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Looking for the dark horse beneficiary of the massive enterprise data infrastructure boom? NetApp, Inc. (NASDAQ: NTAP) shares rocketed over 17% in premarket trading after comfortably beating fiscal fourth-quarter consensus estimates and issuing strong forward revenue guidance.
The storage data software specialist is seeing immediate financial tailwinds from native hybrid-cloud systems built explicitly to manage heavy artificial intelligence data sets. Following the robust print, Barclays raised its price target to $199, modeling an impressive 12% revenue growth trajectory driven by corporate AI storage demands. While the firm commands a $28.1 billion market cap and a solid A grade for operational profitability, Seeking Alpha's automated Quant Rating remains at a Hold due to lingering growth multiple limits (F grade).
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