There is absolutely nothing wrong with a safe steady bet, NTAP has a proven track record of continual growth and trades at a very reasonable P/E of 17. While it has traded well of the lows from December 2018 it has still considerable runway ahead to get back to the 52 week high of $88. Earnings approach and the chart looks good from a technical perspective, with indicators all turning positive, as BUY volume increases. Maybe NTAP is becoming somewhat of a safe haven for investors looking for growth but at a reasonable cost.
Average recommendation Overweight
Average price target $78
COMPANY PROFILE
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage
Average recommendation Overweight
Average price target $78
COMPANY PROFILE
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage