JP Morgan Maintains Neutral on NetApp, Raises Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has maintained a Neutral rating on NetApp (NASDAQ:NTAP) and increased the price target from $86 to $89.
November 29, 2023 | 7:32 pm
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on NetApp and raised the price target from $86 to $89, indicating a potential upside from the previous target.
The increase in price target by JP Morgan suggests a positive outlook on NetApp's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant outperformance relative to the market or sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100