In a report issued on December 6, Aaron Rakers from Wells Fargo maintained a Hold rating on NetApp (NTAP). The company’s shares closed last Monday at $61.03.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.8% and a 63.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Dell Technologies, and Western Digital.
NetApp has an analyst consensus of Moderate Buy, with a price target consensus of $64.13.
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Based on NetApp’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.37 billion and net profit of $243 million. In comparison, last year the company earned revenue of $1.52 billion and had a net profit of $241 million.
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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.
