NetApp, Inc.

• NTAP Stock Price 24h change: -4.21%. From 108.40 USD to 103.84 USD. The decline was largely driven by a broader sell-off in enterprise hardware names despite a beating on earnings earlier in the fiscal cycle, as investors re-evaluate short-term growth premiums.
• From a technical perspective, the stock is currently in a "Strong Sell" phase as it trades below its 50-day ($110.40) and 200-day ($112.38) moving averages. The 14-day RSI sits at 33.01, nearing oversold territory, which may signal a potential short-term bounce, though the overall momentum remains bearish.
• NetApp appointed Paul Fipps, a senior executive from ServiceNow, as a new independent director on January 12 to specifically bolster its AI-driven digital transformation and global customer strategy.
• Goldman Sachs recently initiated coverage on NetApp with a "Buy" rating and a $128 price target, citing its strong positioning in the AI data infrastructure market despite recent price weakness.
• A Discounted Cash Flow (DCF) analysis published on January 14 suggests NTAP is approximately 42% undervalued relative to its intrinsic value of $185.91, based on projected free cash flow growth through 2026.
• Bernstein released a major 2026 IT hardware outlook on January 16, predicting a "storage super cycle" driven by AI data surges, naming memory and storage suppliers as the primary beneficiaries of high infrastructure spending.
• Micron Technology hit a new all-time high on January 16, with its market cap crossing $400 billion, signaling intense investor appetite for AI-related hardware and storage chips that often leads the broader sector's sentiment.

• NTAP Stock Price 24h change: +0.68%. From 107.67 USD to 108.40 USD (NASDAQ). The slight gain was driven by analyst upgrades and optimism regarding AI-driven storage demand, despite a broader market rotation that has pressured tech valuations in early 2026.
• From a technical perspective, NTAP presents a "neutral to bearish short-term trend" as the price recently crossed below its 200-day moving average ($112.38). The RSI(14) stands at approximately 59.8, indicating a neutral zone, while the 50-day moving average ($110.40) serves as immediate resistance. Support is seen near the $103.35 level.
• Northland Securities upgraded NTAP from "Hold" to "Outperform" on January 12, raising the price target to $137, citing strong potential in AI data management and cloud storage services.
• On January 12, NetApp appointed Paul Fipps, President of Global Customer Operations at ServiceNow, to its Board of Directors, a move intended to bolster its leadership in AI-ready infrastructure.
• NetApp recently confirmed its Q3 2026 guidance with expected EPS between $2.01 and $2.11, following a strong Q2 earnings beat of $2.05 per share.
• Amazon Web Services (AWS) launched its "European Sovereign Cloud" on January 15, starting with a region in Germany to meet strict EU data residency and isolation requirements, marking a major shift in the cloud infrastructure landscape.
• Industry leaders from Seagate and CTERA predicted on January 14 that 2026 will be the year of "Hybrid Storage," as enterprises move away from all-flash strategies due to rising costs and the massive data demands of AI workloads.