Deutsche Bank Maintains a 'Buy' on NetApp (NTAP); Positive After Meeting with Management

Deutsche Bank maintains a 'Buy' on NetApp (NASDAQ: NTAP) price target of $55.00.

Analyst, Chris Whitmore said, "We met with Nick Noviello (CFO) and Jay Kidd (SVP) at NTAP headquarters who provided a deep dive into NTAP's products & business prospects. Specifically, we see multiple growth drivers ahead including ONTAP 8.1, Romley datacenter upgrades, and future HW refreshes which should support improving growth & profitability going forward. Currently trading at ~8x CY12 EV/FCF we continue to view shares of NTAP as attractive."

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 $41.84 yesterday.

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