Susquehanna Reiterates Positive Rating on NetApp (NTAP) Following Insight Conference

September 28, 2016 8:51 AM EDT
Get Alerts NTAP Hot Sheet
Price: $36.94 +2.13%

Rating Summary:
    10 Buy, 35 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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Susquehanna reiterated a Positive rating and $42.00 price target on NetApp (NASDAQ: NTAP) following the company's annual Insight conference in Las Vegas.

Analyst Mehdi Hosseini commented, "We came away from NTAP's Insight technical conference with increased comfort in our aboveconsensus view on FY18 revenue growth – as we believe Clustered ONTAP migration could be further strengthened by a solid ONTAP 9 release, while the company continues to gain traction with its All-Flash portfolio."

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 $35.34 yesterday.

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