NetApp (NTAP) Gets a Buy Rating from Merrill Lynch

By Carrie Williams

In a report released today, Wamsi Mohan from Merrill Lynch reiterated a Buy rating on NetApp (NTAPResearch Report), with a price target of $90. The company’s shares closed on Friday at $66.

According to TipRanks.com, Mohan is a 4-star analyst with an average return of 9.2% and a 55.7% success rate. Mohan covers the Consumer Goods sector, focusing on stocks such as Dell Technologies Inc, Pure Storage Inc, and Western Digital.

Currently, the analyst consensus on NetApp is a Moderate Buy with an average price target of $82.75.

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The company has a one-year high of $88.08 and a one-year low of $52. Currently, NetApp has an average volume of 3.32M.

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NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage.