NetApp (NTAP) Stock: $71 Target And In-Line Rating

By Amit Chowdhry ● Jul 5, 2022
  • The shares of NetApp Inc. (NASDAQ: NTAP) have received a $71 price target from Evercore ISI. These are the details.

The shares of NetApp Inc. (NASDAQ: NTAP) have received a $71 price target from Evercore ISI. And Evercore ISI analyst Amit Daryanani is maintaining an In-Line rating on the shares.

Daryanani adjusted the rating while lowering the estimates and price targets for select companies within the IT Hardware and Networking coverage to reflect developments that include currency, and slowing PC markets. Plus it also accounts for a more conservative stance on the second half given inflation, rising rates, and geopolitical risks.

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