NetApp lifts annual profit forecast on upbeat cloud service demand
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Northland Capital Markets Downgrades NetApp (NTAP) to Market Perform, 'Fairly Valued Now'
November 29, 2023 7:10 AM ESTNorthland Capital Markets analyst Nehal Chokshi downgraded NetApp (NASDAQ: NTAP) from Outperform to Market Perform with a price target of $100.00.
The analyst comments "We estimate about 400bp of the 600bp product GM upside due to C-series success, rest to low-cost NAND flash inventory... More
