Reporting a potential upside of 0.03%, Lake Street bumped up the target of Netapp Inc. (NDAQ:NTAP) to $54.00

Previously on Wednesday November 15, 2017, Wells Fargo reported about Netapp Inc. (NDAQ:NTAP) raised the target price from $0.00 to $50.00. At the time, this indicated a possible upside of 0.09%.

Just yesterday Netapp Inc. (NDAQ:NTAP) traded 0.66% higher at $52.53. NTAP’s 50-day average is $40.69 and its two hundred day average is $40.73. With the last stock price close up 9.37% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 3,263,799 shares of NTAP traded, up from an average trading volume of 3,141,700

Performance Chart

Netapp Inc. has price-earnings ratio of 21.51 with a one year low of $30.36 and a 52 week high of $45.24 and has a market cap of $0.

In addition to Lake Street reporting its stock price target, a total of 25 brokerages have issued a ratings update on NTAP. The one year target is $24.90 with one equity analyst Rating the company a strong buy, one firm rating the stock a buy, 23 firms rating the stock a hold, ten equity analysts rating the company a underperform, and lastly one broker rating the stock a sell.

General Information 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 Netapp Inc. (NDAQ:NTAP) price target upped to $54.00, released a report earlier today by Lake Street appeared first on Octafinance.