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Fly News Breaks for April 6, 2018
NTAP
Apr 6, 2018 | 06:44 EDT
Loop Capital analyst Ananda Baruah kept his Buy rating and $75 price target on NetApp after the company's Investor Day presentation, saying that if the dynamics of its 3-year outlook come to pass, the company's stock price could head to $100. The analyst cites "ongoing business model momentum in IT spending and hybrid cloud, ongoing All-Flash Array adoption, new Public Cloud Services, and the adoption of converged infrastructure" as the positives that drive NetApp's performance.
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