Analysts Offer Insights on Technology Companies: NetApp (NTAP), Block (SQ) and Vasta Platform (VSTA)

Analysts fell to the sidelines weighing in on NetApp (NTAP – Research Report), Block (SQ – Research Report) and Vasta Platform (VSTA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

NetApp (NTAP)

Bank of America Securities analyst Wamsi Mohan reiterated a Hold rating on NetApp yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $61.53, close to its 52-week low of $58.08.

According to TipRanks.com, Mohan is a 4-star analyst with an average return of 7.4% and a 51.8% success rate. Mohan covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Dell Technologies, and Western Digital.

NetApp has an analyst consensus of Hold, with a price target consensus of $71.36.

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Block (SQ)

In a report released yesterday, James Faucette from Morgan Stanley maintained a Hold rating on Block, with a price target of $72.00. The company’s shares closed last Thursday at $61.88, close to its 52-week low of $51.34.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 6.3% and a 62.6% success rate. Faucette covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, Clearwater Analytics Holdings, and SS&C Technologies Holdings.

Block has an analyst consensus of Strong Buy, with a price target consensus of $98.50, which is a 64.2% upside from current levels. In a report released yesterday, Oppenheimer also downgraded the stock to Hold.

Vasta Platform (VSTA)

Morgan Stanley analyst Javier Martinez Olcoz Cerdan maintained a Hold rating on Vasta Platform today and set a price target of $5.00. The company’s shares closed last Thursday at $3.25.

According to TipRanks.com, Cerdan is ranked #3311 out of 8352 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Vasta Platform with a $5.00 average price target.

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Read More on NTAP:

• CGI Inc. enters global alliance partnership with NetApp
• NetApp price target lowered to $65 from $67 at Loop Capital
• Credit Suisse downgrades NetApp after second straight disappointment
• NetApp downgraded to Neutral from Outperform at Credit Suisse
• NetApp price target lowered to $70 from $74 at Deutsche Bank