Loop Capital raised the firm’s price target on NetApp to $91 from $78 and keeps a Hold rating on the shares after its Q2 earnings beat last week. The company is seeing strong performance within its all-flash portfolio, specifically, while its C-Series portfolio has gained traction given its integration with ONTAP software, the analyst tells investors in a research note. As a result, NetApp has been able to maintain pricing discipline despite the softer demand environment, the firm adds.
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