A statement released earlier today by Susquehanna about NetApp (NASDAQ:NTAP) bumps the target price to $42.00
- Updated: September 21, 2016
Yesterday NetApp (NASDAQ:NTAP) traded 2.67% higher at $34.98. The company’s 50-day moving average is $32.40 and its 200-day moving average is $26.98. The last stock close price is up 33.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 625,636 shares of the stock were exchanged, down from an average trading volume of 3,133,720
Reporting as potential upside of 0.20%, Susquehanna raised the target price of NetApp (NASDAQ:NTAP) to $42.00
Previously on 8/24/2016, Goldman Sachs reported about NetApp (NASDAQ:NTAP) raised the target price from $26.00 to $32.00. At the time, this indicated a possible downside of -0.09%.
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NetApp has a 52 week low of $20.66 and a 52 week high of $36.09 with a P/E ratio of 32.3300 The company’s market cap is currently $0.
In addition to Susquehanna reporting its target price, a total of 25 firms have reported on the stock. The consensus target price is $24.90 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 23 firms rating the stock a hold, 10 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About NetApp (NASDAQ: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.
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