What 10 Analyst Ratings Have To Say About NetApp
Portfolio Pulse from Benzinga Insights
Over the past three months, 10 analysts have provided diverse ratings for NetApp (NASDAQ:NTAP), with a recent shift towards a somewhat bearish stance in the last 30 days. The average 12-month price target for NTAP has been raised to $87.4, indicating a 12.05% increase from the previous target of $78.00. Analysts from firms like JP Morgan, Citigroup, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. NetApp's financial indicators show a market capitalization below industry benchmarks, a revenue decline of -6.07% over 3 months, but strong profitability with a net margin of 14.92%, an ROE of 28.36%, and an ROA of 2.54%. However, the company's debt-to-equity ratio of 3.46 suggests a higher level of debt.
January 08, 2024 | 5:00 pm
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NEUTRAL IMPACT
NetApp has received mixed analyst ratings with a new higher average price target, suggesting potential upside. However, the company faces revenue challenges and carries a high debt load, which could temper investor enthusiasm.
The mixed analyst ratings and the increase in the average price target could lead to a neutral short-term impact on NTAP's stock price. The positive aspects such as strong profitability and raised price targets are balanced by concerns over revenue decline and high debt levels. The relevance is 100 as the company is the primary subject of the article, and the importance is set at 75 due to the significance of analyst ratings and financial indicators for investors. The confidence level is at 80, reflecting the clear data provided but acknowledging the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100