- Citi analyst Jim Suva double upgraded NetApp Inc (NASDAQ:NTAP) to Buy from Sell with a $120 price target, implying a 30% upside.
- The company is in the “early innings of a successful transition to cloud storage with multi-cloud usage just emerging,” Suva notes.
- The analyst’s channel checks show that NetApp “is literally doing everything right.”
- He thinks solid execution will drive a return to sustainable sales growth for the company.
- Suva believes the company is well-positioned by adopting modern application architectures like Kubernetes and software-defined storage around the cloud.
- Price Action: NTAP shares traded higher by 2.47% at $92.47 on the last check Thursday.
Victory Day In Moscow: Putin Seems To Think Russia Is Winning In Ukraine
This article was submitted by an external contributor and may not represent the views and opinions of Benzinga.
President Putin's Victory Day Speech
