NetApp (NTAP) PT Raised to $75 at Wells Fargo
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Go back to NetApp (NTAP) PT Raised to $75 at Wells Fargo
June 3, 2021 10:12 AM EDT
Shares of NetApp (NASDAQ: NTAP) are trading 2% higher today after the cloud company delivered better-than-expected results for its fiscal fourth quarter.
Strong results were driven by robust growth in its public cloud services unit. The data storage provider said its annualized revenue run rate (ARR) in the unit rose by 171% year-on-year to $301 million.
Moreover, the company reported a non-GAAP net income of $334 million, or $1.46 per share. Revenue came in at $1.56 billion, compared to the revenue of $1.4 billion and non-GAAP earnings per share of $1.17 from last year. Analysts were expecting EPS of... More
June 3, 2021 9:11 AM EDT
Susquehanna analyst Mehdi Hosseini raised the price target on NetApp (NASDAQ: NTAP) to $95.00 (from $78.00) while maintaining a Positive rating.
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June 3, 2021 6:41 AM EDT
Stifel analyst Matthew Sheerin raised the price target on NetApp (NASDAQ: NTAP) to $80.00 (from $78.00) while maintaining a Hold rating.
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