NetApp (NTAP) Tops Q2 EPS by 19c; Offers Guidance

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Go back to NetApp (NTAP) Tops Q2 EPS by 19c; Offers Guidance

Northland Capital Markets Downgrades NetApp (NTAP) to Market Perform, 'Fairly Valued Now'

November 29, 2023 7:10 AM EST

Northland Capital Markets analyst Nehal Chokshi downgraded NetApp (NASDAQ: NTAP) from Outperform to Market Perform with a price target of $100.00.

The analyst comments "We estimate about 400bp of the 600bp product GM upside due to C-series success, rest to low-cost NAND flash inventory... More