JP Morgan Maintains Underweight on NetApp, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has maintained an Underweight rating on NetApp (NASDAQ:NTAP) but raised the price target from $87 to $95.

March 01, 2024 | 3:52 pm
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JP Morgan analyst Samik Chatterjee maintains an Underweight rating on NetApp but increases the price target from $87 to $95.
While the Underweight rating suggests a cautious outlook on NetApp's stock, the increase in price target from $87 to $95 indicates a slightly more optimistic view on the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the raised target.
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IMPORTANCE 75
RELEVANCE 100