Market Overview

UPDATE: ISI Group Initiates Coverage on NetApp at Buy, $48 PT

Share:

ISI Group reports that it is initiating coverage on NetApp (NASDAQ: NTAP) with a Buy rating and a $48 price target.

ISI writes, “NTAP's financial model is proving itself to be extremely resilient despite recent weakness in the US public sector and among financial services customers. NTAP is well-positioned to cost-effectively serve the high-growth mid-range segment of the enterprise storage space. It is a member of our prestigious “Secular Growth Pedestal” (SGP) of enterprise infrastructure."

NTAP closed Friday at $38.89.

 

Related Articles (NTAP + SGP)

View Comments and Join the Discussion!

Posted-In: ISI GroupAnalyst Color Price Target Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
SPWRPiper SandlerMaintains22.0
VWells FargoMaintains210.0
SCPiper SandlerMaintains22.0
UPSWells FargoMaintains184.0
TDOCWells FargoMaintains200.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com