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A report released today by Credit Suisse about Netapp Inc. (NDAQ:NTAP) ups the target price to $35.00

In a statement issued on 4/10/2017 Credit Suisse upped the price target of Netapp Inc. (NDAQ:NTAP) from $32.00 to $35.00 reporting a potential downside of -0.14%.

Showing a price of $40.53, Netapp Inc. (NDAQ:NTAP) traded -0.40% lower on the day. The last stock close price is up 5.75% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. NTAP has recorded a 50-day average of $41.49 and a two hundred day average of $37.34. Volume of trade was down over the average, with 2,768,794 shares of NTAP changing hands under the typical 3,040,860

Performance Chart

With a total market value of $0, Netapp Inc. has 52 week low of $22.50 and a 52 week high of $43.14 with a PE ratio of 36.06 .

A total of 25 brokers have released a research note on Netapp Inc.. One analyst rating the stock a strong buy, 1 firm rating the stock a buy, 23 Equity Analysts Rating the company a hold, ten equity analysts rating the company a underperform, and finally 1 broker rating the stock a sell with a average stock price target of $24.90.

About Netapp Inc. (NDAQ:NTAP)

NetApp, Inc. (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models. Its data management and storage offerings help manage business productivity, performance and profitability, while providing investment protection and asset utilization. The Company's FlexPod portfolio includes FlexPod Datacenter for core enterprise data centers and service providers, FlexPod Express for medium-sized businesses and branch offices, and FlexPod Select for data-intensive workloads. The portfolio is validated with hypervisors, operating systems, systems management tools and cloud management platforms.

The post A report released today by Credit Suisse about Netapp Inc. (NDAQ:NTAP) ups the target price to $35.00 appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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A report released today by Credit Suisse about Netapp Inc. (NDAQ:NTAP) ups the target price to $35.00


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