NetApp (NTAP) Receives ‘Analyst’ Rating

NetApp (NTAP) has an average broker rating of 3.35, which is interpreted as a Hold, as rated by 26 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 17 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 6 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

NetApp (NTAP) : The highest level NetApp (NTAP) is projected to reach is $40 for the short term and the lowest estimate is at $22. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $29.35 and the possibility the share price can swing is $5.33.


Also, Barclays maintains its view on NetApp (NASDAQ:NTAP) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Barclays raises the price target from $23 per share to $25 per share on NetApp . The rating by the firm was issued on August 18, 2016.

NetApp (NASDAQ:NTAP): After opening at $34.54, the stock dipped to an intraday low of $34.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $35.39 and the buying power remained strong till the end. The stock closed at $35.05 for the day, a gain of 1.36% for the day session. The total traded volume was 2,942,806. The stocks close on the previous trading day was $34.58.

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.

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