NetApp Inc (NASDAQ: NTAP) stock enjoyed a major increase of 14.6% on 11/29/23. The shares closed at $89.54. Moreover, this advance was accompanied by exceptionally high trading volume at 530% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 14.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NTAP is expected to continue to be a major Value Builder.
NetApp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. NetApp has a slightly positive Appreciation Score of 66 and a very high Power Rating of 93, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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