Breaking Down NetApp: 16 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the past three months, 16 analysts have provided ratings on NetApp (NASDAQ:NTAP), with a mix of bullish and bearish views. The average 12-month price target has increased to $134.06, with a high of $155.00 and a low of $110.00. Analysts have been adjusting their ratings and price targets, reflecting their views on NetApp's market performance. The company has shown strong financial metrics, such as a net margin of 17.45% and an ROE of 27.2%, but faces challenges with a high debt-to-equity ratio of 2.31.
August 29, 2024 | 4:00 pm
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POSITIVE IMPACT
NetApp has received mixed analyst ratings, with an average price target increase to $134.06. The company shows strong financial performance but has a high debt-to-equity ratio.
The increase in the average price target and the majority of analysts raising their ratings suggest a positive short-term outlook for NetApp. The company's strong financial metrics, such as high net margin and ROE, support this view. However, the high debt-to-equity ratio could be a concern, but it seems to be outweighed by the positive aspects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100