Goldman Sachs Boosts NetApp (NASDAQ: NTAP) Price Target Amid AI-Driven Growth

• Goldman Sachs maintains a Buy rating on NetApp (NASDAQ: NTAP), raising its price target to $240.00 from $210.00.
• NetApp's strategic partnership with Diskover Data enhances its capabilities in managing unstructured data across its ONTAP and StorageGRID systems.
• Strong demand from artificial intelligence (AI) initiatives is a key driver, with NetApp projecting over 1,100 AI and data-preparation wins in fiscal 2026.

Goldman Sachs maintains its Buy rating on NetApp (NASDAQ: NTAP) and raises its price target to $240.00 from $210.00. NetApp stock trades at $228.45 when the update is posted, putting the new target about 5.1% above that price. NetApp sells data storage and management products to businesses and competes with other enterprise storage providers.

NetApp’s partnership with Diskover Data adds tools for finding and managing data across its ONTAP and StorageGRID systems. The companies focus on unstructured data, such as files that do not fit neatly into a database. That work matters for customers handling large collections in media, semiconductor design and life sciences.

Demand tied to artificial intelligence (AI) provides context for the analyst’s higher target. NetApp records more than 1,100 AI and data-preparation wins in fiscal 2026, up from roughly 400, as highlighted by Zacks. A “win” generally means a customer deal or project, though the figure alone does not show how much revenue those wins generate.

NetApp stock is up $4.68, or 2.09%, at $228.45, with a 52-week range of $93.69 to $231.90. Shares have doubled this year, as highlighted by Seeking Alpha, whose analysis argues that further gains are possible. Its summary discusses NetApp’s near-term outlook but provides no specific guidance figures.