Evercore ISI analyst Amit Daryanani added NetApp to the firm’s “Tactical Outperform List” and reiterated an In Line rating and $80 price target ahead of the August 23 earnings report. The firm expects NetApp to report results that are ahead of consensus expectations, and while the macro environment continues to be challenging and NetApp has struggled vs. peers in the past with customer spend optimization, cloud optimization and better federal trends should bode positively, the analyst tells investors in a research note.
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