Analysts Dialed in on Shares of NetApp, Inc. (NASDAQ:NTAP)

Zooming in on shares of NetApp, Inc. (NASDAQ:NTAP), we note that the average target price is presently $63.25. This is the consensus target based on projections provided by the covering analysts polled. Wall Street analysts have the ability to provide price target predictions for stocks that they cover.  Price target estimates can be calculated using various methods.  Many investors will track stock target prices, especially when analysts make changes to the projections. A good research report will generally give detailed reasoning for a specific target price estimate. Some investors may follow analyst targets very closely and use the information to complement their own stock research.

Technical investors generally rely heavily on price charts to help spot potential trades. Chartists will often try to interpret past movements with the goal of trying to gauge the future share price movements. Some charts can be extremely complex while others may be quite simple. Many traders will spend countless hours studying the signals to try to spot optimal entry and exit points. There are many different indicators that technical analysts can follow. Some traders will use standalone signals, and others will use a robust combination. Getting into the nitty-gritty of charting can be overwhelming for the beginner. Taking the time to completely understand what the charts are saying can be the difference between a big win and a major loss.

Checking in on stock price activity for NetApp, Inc. (NASDAQ:NTAP), we have recently seen shares trading near the $47.75 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $87.92, and the 52-week low is presently $45.16. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there

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