An improved company playbook can help NetApp outperform going forward, according to Stifel. Stifel upgraded the stock to buy from hold with a $75 price target, which represents 19% upside from Thursday's close of $63 per share. NetApp , a cloud storage provider that also provides physical hardware to other companies, is in the middle of a shakeup that could lead to more earnings per share and larger margins, analyst Matthew Sheerin wrote Sunday.
mountain NTAP in 2023 Other company efforts to improve its outlook include improved hardware supply that will improve margins as well as the recent plunge into products that employ quad-level cell flash memory, which is the highest capacity available, which could help improve the company's market dominance.
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