NetApp: Buy into 2026 FCF Growth — Valuation Leaves Room to Run
NetApp's mix of on-prem software and cloud services sits squarely in the path of hybrid-cloud and AI-driven storage demand. At a $20.5B market cap, the stock trades at a mid-teens PE and roughly 12x free cash flow — a valuation that looks reasonable if 2026 execution accelerates. This trade idea outlines a long entry, concrete targets and stops, ca…