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NTAP Stock Hits Fresh Record High After Evercore Upgrade: New Products Aren’t Needed For ‘Upside’, Says Analyst
Stocktwits ·
Stocktwits reports: NetApp (NTAP) shares rose in midday trade on Wednesday to a fresh record high, bucking a broader market decline after Evercore ISI upgraded the stock, citing that there’s further upside even before its newer products begin contributing to growth in a major way. The firm increased its rating to ‘Outperform’ from ‘In Line’ and raised its price target to $300 from $210. NetApp has “upside without needing a significant contribution from products that are only beginning to…