Evercore ISI raised the firm’s price target on NetApp (NTAP) to $140 from $130 and keeps an In Line rating on the shares after the company reported “notable EPS upside” with its October-end quarter results. NetApp continues to execute well, delivering a solid beat-and-raise in a still-uncertain macro environment, says the analyst, who thinks it is clear that the company is “doing an impressive job in not just executing but also picking up” incremental market share, but adds that there will remain some debate around cyclical versus secular vectors.
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Read More on NTAP:
- NetApp price target raised to $140 from $135 at Wells Fargo
- NetApp price target raised to $160 from $145 at TD Cowen
- NetApp price target raised to $121 from $115 at BofA
- NetApp price target raised to $132 from $127 at Morgan Stanley
- NetApp price target raised to $135 from $130 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
