Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on NetApp (NTAP – Research Report) today and set a price target of $105.00. The company’s shares closed last Friday at $105.31.
According to TipRanks, Baruah is a 5-star analyst with an average return of 13.9% and a 53.08% success rate. Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Nvidia, and Xerox.
In addition to Loop Capital Markets, NetApp also received a Hold from Morgan Stanley’s Meta Marshall in a report issued on March 1. However, today, Argus Research upgraded NetApp (NASDAQ: NTAP) to a Buy.
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NTAP market cap is currently $21.73B and has a P/E ratio of 23.90.
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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.
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