Stifel Nicolaus analyst Matthew Sheerin maintained a Buy rating on NetApp (NTAP – Research Report) today and set a price target of $120.00. The company’s shares closed yesterday at $89.12.
According to TipRanks, Sheerin is a 5-star analyst with an average return of 16.6% and a 70.28% success rate. Sheerin covers the Technology sector, focusing on stocks such as Pure Storage, Eplus, and Insight Enterprises.
In addition to Stifel Nicolaus, NetApp also received a Buy from TD Cowen’s Krish Sankar in a report issued today. However, on the same day, Bank of America Securities reiterated a Sell rating on NetApp (NASDAQ: NTAP).
See the top stocks recommended by analysts >>
Based on NetApp’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.56 billion and a net profit of $233 million. In comparison, last year the company earned a revenue of $1.66 billion and had a net profit of $750 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NetApp (NTAP) Company Description:
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.
Read More on NTAP:
- NTAP Earnings: Stock Jumps on Q3 Beat, Upbeat Outlook
- UBS hardware/networking analyst holds an analyst/industry conference call
- NetApp Inc (NTAP) Q3 Earnings Cheat Sheet
- DA Davidson technology analysts hold an analyst/industry conference call
- NetApp downgraded to Market Perform from Outperform at Raymond James
