Analysts fell to the sidelines weighing in on NetApp (NTAP) and Cisco Systems Inc (CSCO) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
NetApp (NTAP)
In a report released today, Wamsi Mohan from Merrill Lynch maintained a Hold rating on NetApp, with a price target of $56. The company’s shares closed last Monday at $46.83, close to its 52-week low of $44.55.
According to TipRanks.com, Mohan is a 4-star analyst with an average return of 4.4% and a 51.7% success rate. Mohan covers the Consumer Goods sector, focusing on stocks such as Dell Technologies Inc, Pure Storage Inc, and Apple Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for NetApp with a $57.76 average price target, which is a 26.3% upside from current levels. In a report issued on August 7, Barclays also resumed coverage with a Hold rating on the stock with a $47 price target.
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Cisco Systems Inc (CSCO)
In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on Cisco Systems Inc, with a price target of $49. The company’s shares closed last Monday at $46.98.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 12.3% and a 76.6% success rate. Faucette covers the Technology sector, focusing on stocks such as Automatic Data Processing, Paypal Holdings, and Qualcomm Inc.
Cisco Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $57.10, implying a 20.6% upside from current levels. In a report issued on August 7, Barclays also resumed coverage with a Hold rating on the stock with a $52 price target.
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