NetApp guidance conservative, not cause for concern, says Piper Jaffray Piper Jaffray views NetApp's Q4 guidance as conservative and feels the outlook is not a cause for concern. Piper continues to believe NetApp’s branded revenue growth and gross margin expansion will outpace peers and keeps an Overweight rating on the stock with a $52 price target.
News For NTAP From The Last 14 Days
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NetApp downgraded to Neutral from Buy at UBS UBS downgraded NetApp to Neutral citing rising competition and a "mediocre" outlook for storage spending. The firm lowered its price target for shares to $40 from $50.