NTAP Lifts Higher On Barclays Upgrade

NetApp, Inc. (NTAP) is trading 3.18% higher after Barclays upgraded the co.’s stock to “overweight” from “equal weight” and hiked its price target to $67 from $56.

In the last four Q’s, NetApp’s revenues, a data management software co., have ramped higher by 36%, 33%, 36% and 33%. Barclays said checks indicate that storage demand is strong and accelerating.

At last check, shares of Sunnyvale, Calif. – based NTAP were up $1.67, or 3.08%, to $55.83.