NetApp Inc. (NTAP) Stock Rating Upgraded by Lake Street Capital
NetApp Inc. (NDAQ:NTAP) was upgraded by stock analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, StockTargetPrices.com reports. The firm presently has a $43.00 target price on the stock, up from their prior target price of $32.00.
NetApp (NDAQ:NTAP) traded up 4.03% during trading on Thursday, reaching $40.50. The company had a trading volume of 5,271,017 shares. The stock has a market capitalization of $11.15 billion and a price-to-earnings ratio of 36.75. The firm has a 50-day moving average of $37.09 and a 200-day moving average of $34.81. NetApp has a 1-year low of $22.50 and a 1-year high of $42.18.
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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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