Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on NetApp (NASDAQ:NTAP) on Wednesday, setting a price target of $105, which is approximately 18.14% above the present share price of $88.88.
Hosseini expects NetApp to post earnings per share (EPS) of $0.91 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in NetApp, with an average price target of $100.17.
The analysts price targets range from a high of $120 to a low of $81.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.46 billion and a net profit of $272 million. The company's market cap is $19.88 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.3% and a 58.72% success rate.
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. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.