Wedbush Maintains Neutral on NetApp, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson has maintained a Neutral rating on NetApp (NASDAQ:NTAP) and increased the price target from $75 to $85.

November 29, 2023 | 1:35 pm
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Wedbush analyst Matt Bryson maintained a Neutral rating on NetApp but raised the price target from $75 to $85, indicating a positive outlook on the stock's value.
The increase in price target from $75 to $85 by a reputable analyst suggests a positive reassessment of NetApp's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100