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June 25, 2014
07:02 EDTNTAPNetApp long-term outlook better than expected, says Piper Jaffray
Piper Jaffray says the long-term targets NetApp provided at yesterday's analyst day were better than expected. Piper believes the company's FY15 outlook is beatable as management is not factoring in a boost from the U.S. Federal market. The firm raised its price target for shares to $42 from $40 and keeps an Overweight rating on NetApp.
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September 23, 2014
10:02 EDTNTAPOn The Fly: Analyst Upgrade Summary
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07:57 EDTNTAPNetApp upgraded to Buy on takeout potential at Summit Research
Summit Research upgraded NetApp to Buy from Hold on potential takeout potential. The firm said NetApp's business remains sluggish and that the company will have no choice but to find a buyer now that EMC (EMC) has been considering a merger with other leading OEMS. Summit Research believes NetApp integration would be easier for an acquirer given most of its revenue is derived from ONTAP software and notes shares trade at relative discount to the group. Price target raised to $55 from $34.

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