According to FBN Securities, NetApp NTAP price target is raised to $50.
FBN Securities said that it reiterates its Outperform rating on NTAP and raises its PT from $45 to $50. “Although the growth of Core NTAP was around 8% in FQ3, shares are trading at only about 10x ex-cash of $10/share and remain attractive.”
NetApp closed yesterday at $39.88.
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