“NetApp (NTAP) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” TheStreet’s analyst wrote.
TheStreet has also taken action a number of other technology stocks recently. The firm reiterated its buy rating on shares of Seagate. Also, TheStreet reiterated its buy rating on shares of Western Digital. Finally, TheStreet reiterated its buy rating on shares of EMC.
NetApp opened at 33.59 on Friday. NetApp has a 52-week low of $26.26 and a 52-week high of $46.80. The stock’s 50-day moving average is currently $35.12. The company has a market cap of $12.106 billion and a price-to-earnings ratio of 24.24.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of NetApp from a neutral rating to an outperform rating in a research note to investors on Monday, February 18th. They now have a $39.10 price target on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of NetApp from $38.00 to $39.00 in a research note to investors on Thursday, February 14th. Finally, analysts at Needham & Company raised their price target on shares of NetApp from $38.00 to $41.00 in a research note to investors on Thursday, February 14th.
Fourteen equities research analysts have rated the stock with a buy rating, three have issued an overweight rating, nineteen have issued a hold rating, and one has given an underweight rating to the company’s stock. NetApp presently has an average rating of overweight and an average target price of $39.26.
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