NetApp Earns Price Target Bumps By Analysts Who Are Bullish On Cloud Growth NetApp, Inc (NASDAQ: NTAP ) clocked 9% revenue growth in Q1 to $1.59 billion, beating the consensus. Non-GAAP EPS of $1.20 topped the consensus. The Q2 outlook was in-line with the guidance. Raymond James analyst Simon Leopold maintained an Outperform and $105 price target (up from $94) on NetApp following the Q1 beat and raise report. Public cloud ARR came in above expectations, with a slightly higher outlook when excluding FX impacts, and this should alleviate investor concerns, Leopold mentioned in his Thursday note. Further, gross margin should improve in 2H as memory pricing improves and premiums for specific constrained components come down, the analyst added. Barclays analyst Tim Long maintained an Overweight and raised the … Full story available on Benzinga.com