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Several investment firms have updated their stock ratings and price targets on shares of NetApp (NASDAQ: NTAP) in the last week:

  • NetApp was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • NetApp had its price target lowered by analysts at RBC Capital from $41.00 to $38.00. They now have a “sector perform” rating on the stock.
  • NetApp had its price target lowered by analysts at Piper Jaffray from $52.00 to $40.00. They now have an “overweight” rating on the stock.
  • NetApp had its price target lowered by analysts at Wunderlich from $44.00 to $34.00. They now have a “hold” rating on the stock.
  • NetApp had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $39.00 price target on the stock, down previously from $45.00.
  • NetApp had its price target lowered by analysts at Brean Capital from $48.00 to $39.00. They now have a “buy” rating on the stock.
  • NetApp had its price target lowered by analysts at ING from $48.00 to $39.00.
  • NetApp had its price target lowered by analysts at Cantor Fitzgerald from $53.50 to $46.00. They now have a “buy” rating on the stock.

Shares of NetApp Inc. (NASDAQ:NTAP) opened at 33.95 on Wednesday. NetApp Inc. has a one year low of $33.34 and a one year high of $45.96. The stock’s 50-day moving average is $35.62 and its 200-day moving average is $39.19. The company has a market cap of $11.247 billion and a price-to-earnings ratio of 19.91. NetApp also was the recipient of some unusual options trading on Tuesday. Traders bought 10,462 call options on the stock. This is an increase of approximately 459% compared to the average daily volume of 1,872 call options.

NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.

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