Barclays Maintains Equal-Weight on NetApp, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Equal-Weight rating on NetApp (NASDAQ:NTAP) and increased the price target from $69 to $80.

November 29, 2023 | 11:43 am
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POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on NetApp and raised the price target from $69 to $80, indicating a positive outlook on the stock's value.
The increase in price target by Barclays reflects a positive adjustment in the valuation of NetApp, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating suggests that the stock is adequately valued at the moment, but the raised target indicates an expectation of growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100