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Netapp Inc. (NDAQ:NTAP) stock price target increased to $50.00, issued a research note today by RBC Capital Markets

In a report announced on 11/13/2017 RBC Capital Markets bumped up the target of Netapp Inc. (NDAQ:NTAP) from $45.00 to $50.00 indicating a possible upside of 0.09%.

Previously on 11/09/2017, Barclays Capital reported about Netapp Inc. (NDAQ:NTAP) raised the target price from $38.00 to $52.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Netapp Inc. (NDAQ:NTAP) traded 0.66% higher at $46.08. The company’s 50-day moving average is $40.69 and its 200-day moving average is $40.73. The last closing price is up 9.37% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 3,263,799 shares of Netapp Inc. exchanged hands, up from an avg. volume of 3,141,700

Recent Performance Chart

Netapp Inc. (NDAQ:NTAP)

Netapp Inc. has PE ratio of 21.51 with a one year low of $30.36 and a one year high of $45.24 and has a market capitalization of $0.

A total of 25 analysts have released a research note on NTAP. 1 firm rating the stock a strong buy, one brokerage rating the company a buy, twenty-three brokerages rating the stock a hold, 10 brokers rating the stock a underperform, and finally one analyst rating the company a sell with a 12-month 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.

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