Merrill Lynch analyst Wamsi Mohan maintained a Buy rating on NetApp (NTAP) yesterday and set a price target of $80. The company’s shares opened today at $62.64.
According to TipRanks.com, Mohan is a 4-star analyst with an average return of 8.1% and a 54.3% success rate. Mohan covers the Consumer Goods sector, focusing on stocks such as Dell Technologies Inc, Pure Storage Inc, and Western Digital.
Currently, the analyst consensus on NetApp is a Moderate Buy with an average price target of $74.67.
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NetApp’s market cap is currently $15.67B and has a P/E ratio of 16.14. The company has a Price to Book ratio of 12.74.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Last month, Joel Reich, the Exec VP, Product Operations of NTAP sold 20,000 shares for a total of $1,280,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage.
