Analysts Conflicted on These Technology Names: NetApp (NASDAQ: NTAP) and Intuit (NASDAQ: INTU)

By Ryan Adsit

Analysts have been eager to weigh in on the Technology sector with new ratings on NetApp (NASDAQ: NTAP) and Intuit (NASDAQ: INTU).

NetApp (NASDAQ: NTAP)

In a report released yesterday, Mark Moskowitz from Barclays maintained a Sell rating on NetApp (NASDAQ: NTAP), with a price target of $35. The company’s shares opened today at $40.96, close to its 52-week high of $43.14.

According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 14.4% and a 67.1% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, National Instruments Corp, and Lexmark International.

Currently, the analyst consensus on NetApp is Hold and the average price target is $44.80, representing a 9.4% upside.

In a report issued on May 22, Credit Suisse also reiterated a Sell rating on the stock with a $35 price target.
Intuit (NASDAQ: INTU)

In a report released yesterday, Raimo Lenschow from Barclays maintained a Hold rating on Intuit (NASDAQ: INTU), with a price target of $135. The company’s shares opened today at $138.36, close to its 52-week high of $140.25.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 15.4% and a 74.6% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Intuit is Moderate Buy and the average price target is $143.50, representing a 3.7% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $140 price target.

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