NetApp (NTAP) PT Raised to $70 at Morgan Stanley

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NetApp (NTAP) PT Raised to $85 at FBN Securities; Sees Buying Opportunity on ELA Misunderstanding

August 16, 2018 1:19 PM EDT

FBN Securities analyst Shebly Seyrafi raised the price target on NetApp (NASDAQ: NTAP) to $85.00 (from $75.00) while maintaining an Outperform rating.

Seyrafi said a misunderstanding regarding ELAs creates a buying opportunity.

"... NTAP included $30M in ELAs in the guide, and we believe... More