Susquehanna Raises Price Target on NetApp (NTAP) to $42

September 21, 2016 7:17 AM EDT
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Price: $33.92 +0.15%

Rating Summary:
    10 Buy, 35 Hold, 10 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Susquehanna reiterated a Positive rating on NetApp (NASDAQ: NTAP), and raised the price target to $42.00 (from $36.00), after adjusting estimates.

Analyst Mehdi Hosseini commented, "We are raising EPS estimates to account for improved margin assumptions (driven by cost reduction and Product GM expansion), and are raising our price target to $42 accordingly."

For an analyst ratings summary and ratings history on NetApp click here. For more ratings news on NetApp click here.

Shares of NetApp closed at $34.98 yesterday.

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