Analyst Rating Update on NetApp (NTAP)

NetApp (NTAP) : The consensus on NetApp (NTAP) based on 27 analyst recommendation on the company stock is 3.41, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 17 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 7 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on NetApp (NTAP).

NetApp (NTAP) : The highest level NetApp (NTAP) is projected to reach is $39 for the short term and the lowest estimate is at $20. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $25.72 and the possibility the share price can swing is $4.92.

Company shares have received an average consensus rating of Hold for the current week


NetApp (NASDAQ:NTAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.96 and $25.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.22, notching a gain of 0.65% for the day. The total traded volume was 1,119,519 . The stock had closed at $26.05 on the previous day.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.