NetApp unveils Novus and Barclays lifts target for NetApp stock

Published on 10/05/2026 at 09:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2027 revenue guidance is USD 7.975-8.225 billion. NetApp stock costs EUR 202.28 on October 5, 2026 after EUR 201.75.

Moderner Serverraum mit Technikern zwischen beleuchteten Rechnerschränken in Rechenzentrum — Fotorealistisches Rechenzentrum symbolisiert NetApp Inc., ISIN US64120B1098, führend in Datenspeicherung und Cloud-Infrastruktur weltweit, Illustration mit AI erstellt.

NetApp stock (ISIN US64110D1046) was trading at EUR 202.28 at Lang & Schwarz on October 5, 2026 at 9:11 a.m. CEST, plus 0.26 percent versus the prior close of EUR 201.75. On September 29, 2026, NetApp announced Novus, while MarketBeat reported that Barclays had raised its target from USD 199.00 to USD 219.00 on September 3, 2026.

Novus targets AI factories

NetApp says Novus is designed for AI infrastructure providers operating large GPU environments. The architecture targets throughput above 100 TB per second and a zettabyte-scale file system, separating metadata from the data path so capacity and performance can scale independently.

The technical ambition is substantial: NetApp describes support for hundreds of thousands of GPUs while keeping enterprise data services based on ONTAP. The product connection matters because the company is positioning storage as a direct constraint on AI-factory utilization rather than as a back-end infrastructure purchase.

Revenue growth meets higher guidance

According to MarketBeat, NetApp reported USD 2.02 billion of revenue in the quarter reported on September 2, 2026, up 29.90 percent from the year-earlier period. Earnings per share reached USD 2.58, compared with the USD 2.12 consensus, a USD 0.46 difference.

The same report said management set fiscal 2027 revenue guidance at USD 7.975-8.225 billion and adjusted earnings-per-share guidance at USD 9.73-10.03. That range gives the market a measurable test for whether Novus and broader AI infrastructure demand can extend the recent growth rate.

Analyst target sits above Nasdaq price

Barclays rated NetApp Overweight while lifting its target to USD 219.00 from USD 199.00 on September 3, 2026, according to MarketBeat. The same source listed a consensus Hold rating and a USD 194.86 average target, showing that the AI opportunity has not produced a uniform analyst view.

For market context, NetApp was last at USD 226.27 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, against a 52-week range of USD 93.69 to USD 231.90 and a market capitalization of USD 44.4 billion. The Nasdaq quotation and the Lang & Schwarz euro quote are separate venue references.

NetApp stock stays near its yearly high

NetApp stock was trading at EUR 202.28 at Lang & Schwarz on October 5, 2026 at 9:11 a.m. CEST, plus 0.26 percent versus the prior close of EUR 201.75 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of NetApp stock.