What 10 Analyst Ratings Have To Say About NetApp
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 10 Wall Street analysts have provided ratings for NetApp (NASDAQ:NTAP), with an average price target of $88.7, which is a slight downside from the current price of $90.545. The consensus among these analysts is largely indifferent, with 7 neutral ratings, 2 somewhat bullish, and 1 bullish. The average price target has increased by 16.37% from the previous target of $76.22.
November 30, 2023 | 5:00 pm
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NEGATIVE IMPACT
Analysts have a neutral outlook on NetApp with a slight downside price target compared to the current stock price, indicating potential pressure on the stock in the short term.
The average price target being below the current stock price suggests that analysts do not foresee significant growth in the near term, which could lead to a negative impact on the stock price. However, the increase in the average price target and the absence of bearish ratings may buffer significant negative movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100