Analysts fell to the sidelines weighing in on NetApp (NTAP – Research Report) and nCino (NCNO – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Raymond James analyst Simon Leopold maintained a Hold rating on NetApp yesterday. The company’s shares closed last Wednesday at $77.06, close to its 52-week high of $80.66.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 9.3% and a 60.2% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Applied Optoelectronics.
Currently, the analyst consensus on NetApp is a Moderate Buy with an average price target of $84.00, implying a 9.7% upside from current levels. In a report issued on May 28, Evercore ISI also maintained a Hold rating on the stock with a $75.00 price target.
Raymond James analyst Brian Peterson assigned a Hold rating to nCino yesterday. The company’s shares closed last Wednesday at $61.54.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 30.5% and a 69.9% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, Duck Creek Technologies, and ZoomInfo Technologies.
nCino has an analyst consensus of Moderate Buy, with a price target consensus of $82.00.
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