In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on NetApp (NASDAQ: NTAP), with a price target of $105. The company’s shares opened today at $80.63, close to its 52-week high of $83.60.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.0% and a 56.3% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials.
NetApp has an analyst consensus of Moderate Buy, with a price target consensus of $83.89, representing a 4.0% upside. In a report issued on August 8, Stifel Nicolaus also reiterated a Buy rating on the stock with a $91 price target.
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NetApp’s market cap is currently $21.12B and has a P/E ratio of 349.22. The company has a Price to Book ratio of 10.22.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Last month, George Kurian, the CEO of NTAP sold 6,000 shares for a total of $468,960.
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.
