Analyst Expectations For NetApp's Future
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on NetApp (NASDAQ:NTAP) with recent ratings showing a blend of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has increased to $107.33, reflecting a 14.31% rise from the previous target. Key analysts from firms like Citigroup, UBS, JP Morgan, and others have raised their price targets, indicating a positive outlook. NetApp's financials show strong profitability and effective cost management, but the company faces challenges with a high debt-to-equity ratio.
May 21, 2024 | 7:00 pm
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Analysts have mixed views on NetApp with a blend of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has increased to $107.33, reflecting a 14.31% rise from the previous target. Key analysts from firms like Citigroup, UBS, JP Morgan, and others have raised their price targets, indicating a positive outlook.
The increase in the average 12-month price target and the positive adjustments by key analysts suggest a favorable short-term outlook for NetApp. However, the mixed sentiments indicate some level of uncertainty.
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