NetApp Inc (NASDAQ: NTAP) stock closed at $105.31 on 3/1/24 after a major increase of 18.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 704% of normal. The stock has risen 22.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. NetApp has a neutral Appreciation Score of 58 but a very high Power Rating of 92, with the Highest Value Trend Rating the result.
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.