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A statement released earlier today by Vetr Inc. about NetGear, Inc. (NASDAQ:NTGR) bumps the target price to $59.59

NetGear, Inc. (NASDAQ:NTGR) had its price target bumped up to $60 by Vetr Inc. in an issued report announced Monday September 19 2016. The latest target price suggests a potential upside of 0.03% based on the company’s last stock close price.

Previously on 9/13/2016, Vetr Inc. released a statement for NetGear, Inc.(NASDAQ:NTGR) upped the target price from $0.00 to $59.59 that suggested an upside of 0.06%.

Having a price of $57.84, NetGear, Inc. (NASDAQ:NTGR) traded 0.40% lower on the day. With the last stock price up 23.77% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. NTGR has recorded a 50-day moving average of $55.76 and 200-day average of $46.54. 397,034 shares of NTGR traded hands, up from ann avg. volume of 330,108

Recent Performance Graph:

NetGear, Inc. (NASDAQ:NTGR)

NetGear, Inc. has a price-earnings of 27 with a 52 week low of $28.52 and a 52 week high of $58.09. NTGR’s market cap is presently $0.0.

Also covering NetGear, Inc.’s target price, a total of 5 brokerages have released a research note on NTGR. The average target is $46.70 with 0 rating the stock a strong buy, three analysts rating the stock a buy, three analyts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.

Brief Synopsis About NetGear, Inc. (NASDAQ:NTGR)

NETGEAR, Inc. is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of whole home networking hardware and software solutions, as well as fourth-generation long term evolution hotspots sold to service providers for sale to their subscribers. It has operations in the Americas, Europe, Middle-East and Africa, and Asia Pacific. The Company sells its products through multiple sales channels, including traditional retailers, online retailers, wholesale distributors, direct market resellers, and value-added resellers and broadband service providers.

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