NetApp (NTAP) Receives a Hold from Oppenheimer
Oppenheimer analyst George Iwanyc maintained a Hold rating on NetApp (NTAP) yesterday. The company’s shares closed last Wednesday at $45.11.
According to TipRanks.com, Iwanyc is a 3-star analyst with an average return of 2.3% and a 34.7% success rate. Iwanyc covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Ceragon Networks, and Juniper Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for NetApp with a $49.92 average price target, implying a 9.4% upside from current levels. In a report issued on September 3, Evercore ISI also maintained a Hold rating on the stock with a $50.00 price target.
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The company has a one-year high of $65.38 and a one-year low of $34.66. Currently, NetApp has an average volume of 3.05M.
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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. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.
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