NetApp (NTAP) shares crossed above the average analyst 12-month target price of $118.06, recently trading at $118.58. The move is mainly a valuation/technical milestone rather than new operational news, implying analysts may need to reassess their targets. The article suggests a potential analyst reaction to the stock reaching consensus fair value, but provides no earnings or guidance update.
NetApp (NTAP) shares crossed above the average analyst 12-month target price of $118.06, recently trading at $118.58. The move is mainly a valuation/technical milestone rather than new operational news, implying analysts may need to reassess their targets. The article suggests a potential analyst reaction to the stock reaching consensus fair value, but provides no earnings or guidance update.
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