NetApp, Inc.

• NTAP Stock Price 24h change: +3.17%. From 94.11 USD to 97.09 USD. Performance rebounded following a sharp 9% decline on Tuesday caused by a Morgan Stanley downgrade to "Underweight."
• From a technical perspective, NTAP is showing signs of high volatility as it attempts to stabilize near the $97 level. The RSI and moving averages suggest a neutral-to-bearish short-term outlook following the recent breakdown below $100, though the price remains significantly above its 52-week low of $71.84.
• Morgan Stanley downgraded NTAP to "Underweight" with a price target of $89 on January 21, citing concerns over reduced enterprise storage budgets and rising memory costs.
• Goldman Sachs initiated coverage of NTAP with a "Buy" rating and a $128 price target on January 13, highlighting the company's strong position in the AI and flash storage markets.
• NetApp announced a dividend of $0.52 per share payable on January 21, 2026, to shareholders of record as of January 2, maintaining its commitment to shareholder returns.
• Industry analysts predict a "GPU-centric data orchestration" revolution in 2025-2026, as AI workloads force a shift from traditional CPU-centric storage architectures to high-performance, low-latency infrastructure.
• Global storage market trends for 2026 indicate a surge in demand for "Cyberstorage" and immutable storage standards to proactively defend against ransomware and data security threats at the infrastructure level.

• NTAP Stock Price 24h change: +3.06%. From 94.11 USD to 96.99 USD.
• From a technical perspective, NTAP is currently in a "bearish consolidation" phase: the stock is trading below its 50-day ($110.04) and 200-day ($112.41) moving averages, indicating mid-term weakness, though it saw a 3% bounce on January 21 from recent lows near $94.
• Morgan Stanley downgraded NetApp to "Underweight" from "Equal-weight" on January 20, citing a "perfect storm" of slowing enterprise hardware demand and rising component costs heading into 2026.
• NetApp distributed its quarterly dividend of $0.52 per share on January 21, providing a yield of approximately 2.2% at current price levels.
• Recent insider activity shows EVP Elizabeth O'Callahan sold 1,000 shares at an average price of $105.49 on January 12, reflecting a slight reduction in management holdings prior to the recent price dip.
• The IT hardware sector faces significant pressure as Morgan Stanley's survey projects only 1% year-on-year growth in hardware budgets for 2026, the lowest non-COVID reading in 15 years.
• Memory chip shortages driven by AI demand are expected to see data centers consume 70% of global supply by 2026, forcing hardware peers like HP and Dell to face margin compression or price hikes.