How NetApp, Inc. Shares Gained 13% in September
Shares of enterprise data storage specialist NetApp (NASDAQ: NTAP) rose 13.2% in September, according to data from S&P Global Market Intelligence. The surge hinged on two bullish analyst notes in the second half of the month.
Analyst firm UBS upgraded NetApp to a buy mid-month and raised its price target for the stock from $42 to $45 per share, citing accelerating product sales and confidence in NetApp's management team's crisp execution. The next week, Drexel Hamilton reiterated its buy recommendation and $62 target price, pointing to an attractive buy-in valuation and another vote in support of NetApp's new management.
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Source: Fool.com
NetApp Inc. Stock
€159.40
2.980%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 146 € is below the current price of 159.4 € for NetApp Inc., so the potential is actually -8.41%.
