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NetApp Inc. (NASDAQ:NTAP) target price raised to $31.00, reported today by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised the target stock price of NetApp Inc. (NASDAQ:NTAP) to $31, stating a possible downside of -0.11%.

Displaying a price of $34.71, NetApp Inc. (NASDAQ:NTAP) traded 0.68% lower on the day. With the last stock price close up 29.77% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has been tracking to a 50-day moving average of $31.90 and 200-day moving average of $26.83. 5,182,676 shares of the stock were exchanged, up from ann avg. trading volume of 3,154,730

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NetApp Inc. has a P/E of 31 with a one-year low of $20.66 and a 52 week high of $35.68 and has a total market value of $0.0.

In addition to JPMorgan Chase & Co. reporting it’s target price, a total of 25 analysts have reported on NetApp Inc.. The 12-month target stock price is $24.90 with one firm rating the company a strong buy, one analyst rating the company a buy, 23 analyts rating the stock a hold, 10 brokerages rating the stock to underperform, and lastly one analystrating the stock as sell.

More About NetApp Inc. (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, and systems management tools and cloud management platforms.

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