NetApp (NTAP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NTAP's strength in all-flash storage and cloud markets, and focus on AI make it an attractive investment. Weak IT spending and stiff competition are concerns.
In the closing of the recent trading day, NetApp (NTAP) stood at $122.09, denoting a +1.76% change from the preceding trading day.
NTAP will sell its Spot by NetApp FinOps business to Flexera to focus on its core intelligent data infrastructure business and long-term growth prospects.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
NetApp (NTAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
JPMorgan analyst Samik Chatterjee upgraded the rating for NetApp Inc NTAP from Neutral to Overweight, while raising the price target from $150 to $160.
JPMorgan analyst Samik Chatterjee upgraded NetApp to Overweight from Neutral with a $160 price target.
Recently, Zacks.com users have been paying close attention to NetApp (NTAP). This makes it worthwhile to examine what the stock has in store.
Strength in all-flash storage and cloud market bodes well for NTAP, along with momentum in the AI space. Weak IT spending and stiff competition are concerns.