UBS analyst David Vogt raised the firm’s price target on NetApp (NTAP) to $120 from $114 and keeps a Neutral rating on the shares. Margins were the stand-out in the quarter while the demand backdrop was in-line with expectations, the analyst tells investors in a research note.
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Read More on NTAP:
- NetApp upgraded to Outperform from Market Perform at Northland
- Positive Outlook for NetApp: Strong Financial Performance and Growth Prospects Drive Buy Rating
- Hold Rating on NetApp Amid Strong Performance and Future Uncertainties
- NetApp price target raised to $115 from $100 at Wells Fargo
- NetApp price target raised to $129 from $125 at BofA