NetApp Inc. (NTAP) Raised to Buy at Lake Street Capital
Lake Street Capital upgraded shares of NetApp Inc. (NDAQ:NTAP) from a hold rating to a buy rating in a research report report published on Thursday morning, StockTargetPrices.com reports. They currently have $43.00 target price on the stock, up from their previous target price of $32.00.
NetApp (NDAQ:NTAP) traded up 4.14% during midday trading on Thursday, reaching $40.54. The company’s stock had a trading volume of 5,603,155 shares. The firm has a 50 day moving average of $37.09 and a 200 day moving average of $34.81. NetApp has a 52-week low of $22.50 and a 52-week high of $42.18. The firm has a market cap of $11.16 billion and a P/E ratio of 36.79.
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NetApp Company Profile
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.
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