NetApp, Inc. (NASDAQ: NTAP) saw a reduced price target from Citi analyst Asiya Merchant to $110 from $125. The company reported second-quarter revenue of $1.71 billion, with 3% year-over-year growth. NetApp provides intelligent data infrastructure solutions and strategic pivot towards higher-growth segments. Consider other AI stocks for greater upside potential.

Founded in 1992, NetApp, Inc. (NASDAQ: NTAP) offers intelligent data infrastructure solutions in San Jose, California. The company’s second-quarter revenue grew 3% year over year to $1.71 billion, showcasing traction in AI-driven workloads. Keystone storage-as-a-service revenue grew 76%, highlighting a strategic pivot towards higher-growth segments.

Looking for investment opportunities in the data storage sector? Check out the article on the 12 Best Data Storage Stocks to Buy Right Now for insights and recommendations. Explore up-and-coming streaming companies and services, as well as the 11 Best Canadian Growth Stocks to Buy According to Hedge Funds for more investment options.

Read more at Yahoo Finance: NetApp, Inc. (NTAP) Target Lowered to $110 Amid Hardware Valuation Shift