NetApp (NTAP) Stock Forecast, Price Target & Predictions
NTAP Stock Forecast
NetApp stock forecast is as follows: an average price target of $78.45 (represents a -27.70% downside from NTAP’s last price of $108.50) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
NTAP Price Target
NTAP Analyst Ratings
NetApp Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Nov 29, 2023 | Tim Long | Barclays | $87.20 | $89.41 | -2.47% | -19.63% |
Nov 27, 2023 | Matt Bryson | Wedbush | $75.00 | $78.34 | -4.26% | -30.88% |
Nov 27, 2023 | David Vogt | UBS | $84.00 | $78.34 | 7.22% | -22.58% |
May 31, 2023 | Tim Long | Barclays | $71.00 | $69.10 | 2.75% | -34.56% |
Apr 10, 2023 | Matthew Sheerin | Stifel Nicolaus | $75.00 | $63.00 | 19.05% | -30.88% |
Mar 14, 2023 | David Vogt | UBS | $74.00 | $61.82 | 19.70% | -31.80% |
Dec 20, 2022 | - | J.P. Morgan | $71.00 | $58.99 | 20.36% | -34.56% |
Dec 13, 2022 | Meta Marshall | Morgan Stanley | $58.00 | $64.70 | -10.36% | -46.54% |
Dec 05, 2022 | - | Loop Capital Markets | $67.00 | $64.69 | 3.58% | -38.25% |
Nov 30, 2022 | Matt Bryson | Wedbush | $80.00 | $65.53 | 22.08% | -26.27% |
NetApp Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 4 |
Avg Price Target | - | - | $79.30 |
Last Closing Price | $108.50 | $108.50 | $108.50 |
Upside/Downside | -100.00% | -100.00% | -26.91% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Mar 01, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
Mar 01, 2024 | Cowen & Co. | Outperform | Outperform | Hold |
Nov 29, 2023 | Barclays | Equal-Weight | Equal-Weight | Hold |
Nov 29, 2023 | Raymond James | Outperform | Outperform | Hold |
Nov 29, 2023 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Nov 27, 2023 | Citigroup | Neutral | Neutral | Hold |
Nov 27, 2023 | Wedbush | Neutral | Neutral | Hold |
Nov 27, 2023 | UBS | Neutral | Neutral | Hold |
Nov 27, 2023 | Cowen & Co. | Outperform | Outperform | Hold |
Sep 05, 2023 | Susquehanna | Neutral | Positive | Upgrade |
NetApp Financial Forecast
NetApp Revenue Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | $1.61B | $1.56B | $1.43B | $1.58B | $1.53B | $1.66B | $1.59B | $1.68B | $1.61B | $1.57B | $1.46B | $1.55B | $1.47B | $1.42B | $1.30B | $1.40B | $1.40B | $1.37B | $1.24B | $1.59B | $1.56B |
Avg Forecast | $1.83B | $1.73B | $1.68B | $1.49B | $1.72B | $1.64B | $1.61B | $1.52B | $1.65B | $1.59B | $1.53B | $1.41B | $1.54B | $1.61B | $1.67B | $1.55B | $1.68B | $1.61B | $1.55B | $1.43B | $1.50B | $1.43B | $1.32B | $1.15B | $1.41B | $1.46B | $1.38B | $1.25B | $1.64B | $1.60B |
High Forecast | $1.93B | $1.82B | $1.76B | $1.57B | $1.81B | $1.73B | $1.69B | $1.60B | $1.66B | $1.60B | $1.61B | $1.49B | $1.63B | $1.69B | $1.76B | $1.63B | $1.77B | $1.66B | $1.59B | $1.47B | $1.54B | $1.47B | $1.35B | $1.19B | $1.45B | $1.50B | $1.42B | $1.28B | $1.69B | $1.65B |
Low Forecast | $1.75B | $1.66B | $1.60B | $1.43B | $1.64B | $1.57B | $1.54B | $1.48B | $1.58B | $1.52B | $1.46B | $1.35B | $1.48B | $1.54B | $1.60B | $1.48B | $1.61B | $1.56B | $1.50B | $1.39B | $1.45B | $1.39B | $1.28B | $1.12B | $1.36B | $1.42B | $1.34B | $1.21B | $1.59B | $1.56B |
# Analysts | 9 | 6 | 4 | 4 | 7 | 4 | 5 | 11 | 11 | 11 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 15 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 |
Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.01% | 1.02% | 0.95% | 0.99% | 1.03% | 1.00% | 1.00% | 1.01% | 1.02% | 1.04% | 1.03% | 1.08% | 1.13% | 1.00% | 0.96% | 0.99% | 0.99% | 0.97% | 0.97% |
NetApp EBITDA Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 6 | 4 | 4 | 7 | 4 | 5 | 11 | 11 | 11 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 15 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 |
EBITDA | - | - | - | - | - | - | - | - | - | $366.00M | $304.00M | $178.00M | $403.00M | $417.00M | $373.00M | $355.00M | $362.00M | $376.00M | $344.00M | $301.00M | $503.00M | $320.00M | $249.00M | $171.00M | $311.00M | $337.00M | $361.00M | $183.00M | $446.00M | $386.00M |
Avg Forecast | $393.41M | $372.44M | $360.29M | $320.98M | $369.39M | $353.69M | $346.05M | $326.05M | $381.74M | $392.16M | $266.15M | $334.07M | $347.04M | $356.51M | $241.96M | $303.70M | $361.71M | $324.10M | $219.96M | $480.54M | $291.49M | $153.83M | $132.17M | $266.14M | $342.71M | $303.39M | $160.91M | $456.70M | $369.22M | $330.83M |
High Forecast | $414.34M | $392.25M | $379.46M | $338.05M | $389.05M | $372.51M | $364.46M | $343.21M | $458.09M | $470.59M | $319.38M | $400.89M | $416.44M | $427.81M | $290.35M | $364.44M | $380.95M | $388.92M | $263.95M | $576.65M | $349.78M | $184.60M | $158.60M | $319.37M | $411.25M | $364.07M | $193.10M | $548.04M | $443.06M | $396.99M |
Low Forecast | $376.76M | $356.68M | $345.05M | $307.40M | $353.77M | $338.73M | $331.41M | $317.47M | $305.39M | $313.73M | $212.92M | $267.26M | $277.63M | $285.21M | $193.57M | $242.96M | $346.41M | $259.28M | $175.97M | $384.44M | $233.19M | $123.07M | $105.73M | $212.92M | $274.17M | $242.71M | $128.73M | $365.36M | $295.37M | $264.66M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.93% | 1.14% | 0.53% | 1.16% | 1.17% | 1.54% | 1.17% | 1.00% | 1.16% | 1.56% | 0.63% | 1.73% | 2.08% | 1.88% | 0.64% | 0.91% | 1.11% | 2.24% | 0.40% | 1.21% | 1.17% |
NetApp Net Income Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 6 | 4 | 4 | 7 | 4 | 5 | 11 | 11 | 11 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 15 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 |
Net Income | - | - | - | - | - | - | - | - | - | $313.00M | $233.00M | $149.00M | $245.00M | $65.00M | $750.00M | $214.00M | $259.00M | $252.00M | $224.00M | $202.00M | $334.00M | $182.00M | $137.00M | $77.00M | $196.00M | $277.00M | $243.00M | $103.00M | $396.00M | $249.00M |
Avg Forecast | $428.13M | $401.08M | $362.03M | $256.17M | $377.63M | $356.84M | $333.79M | $290.81M | $269.46M | $255.36M | $178.61M | $253.74M | $244.97M | $232.15M | $162.38M | $230.67M | $269.90M | $211.04M | $147.62M | $319.09M | $165.78M | $84.64M | $59.51M | $167.73M | $281.69M | $204.22M | $90.57M | $405.50M | $238.17M | $223.96M |
High Forecast | $457.73M | $428.81M | $387.06M | $273.88M | $403.75M | $381.52M | $356.87M | $352.99M | $323.36M | $306.43M | $214.34M | $304.49M | $293.96M | $278.57M | $194.85M | $276.81M | $288.56M | $253.25M | $177.14M | $382.91M | $198.94M | $101.57M | $71.42M | $201.28M | $338.03M | $245.07M | $108.68M | $486.60M | $285.81M | $268.75M |
Low Forecast | $404.58M | $379.02M | $342.12M | $242.08M | $356.86M | $337.21M | $315.43M | $256.72M | $215.57M | $204.29M | $142.89M | $202.99M | $195.97M | $185.72M | $129.90M | $184.54M | $255.05M | $168.83M | $118.09M | $255.27M | $132.63M | $67.71M | $47.61M | $134.18M | $225.36M | $163.38M | $72.46M | $324.40M | $190.54M | $179.17M |
Surprise % | - | - | - | - | - | - | - | - | - | 1.23% | 1.30% | 0.59% | 1.00% | 0.28% | 4.62% | 0.93% | 0.96% | 1.19% | 1.52% | 0.63% | 2.01% | 2.15% | 2.30% | 0.46% | 0.70% | 1.36% | 2.68% | 0.25% | 1.66% | 1.11% |
NetApp SG&A Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 6 | 4 | 4 | 7 | 4 | 5 | 11 | 11 | 11 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 15 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 |
SG&A | - | - | - | - | - | - | - | - | - | $520.00M | $536.00M | $542.00M | $509.00M | $509.00M | $546.00M | $530.00M | $552.00M | $526.00M | $541.00M | $517.00M | $513.00M | $499.00M | $499.00M | $490.00M | $452.00M | $462.00M | $458.00M | $476.00M | $508.00M | $468.00M |
Avg Forecast | $611.58M | $578.98M | $560.10M | $498.98M | $574.25M | $549.84M | $537.96M | $506.86M | $562.45M | $616.74M | $457.15M | $540.79M | $511.32M | $560.67M | $415.59M | $491.63M | $562.30M | $509.70M | $377.81M | $490.10M | $454.53M | $41.39M | $378.73M | $386.81M | $469.83M | $384.91M | $418.55M | $520.19M | $447.65M | $443.27M |
High Forecast | $644.12M | $609.78M | $589.89M | $525.52M | $604.80M | $579.09M | $566.58M | $533.54M | $674.94M | $740.09M | $548.58M | $648.95M | $613.59M | $672.81M | $498.71M | $589.95M | $592.22M | $611.64M | $453.37M | $588.12M | $545.44M | $49.67M | $454.47M | $464.17M | $563.80M | $461.90M | $502.26M | $624.23M | $537.18M | $531.93M |
Low Forecast | $585.71M | $554.48M | $536.40M | $477.87M | $549.95M | $526.57M | $515.20M | $493.53M | $449.96M | $493.39M | $365.72M | $432.63M | $409.06M | $448.54M | $332.47M | $393.30M | $538.51M | $407.76M | $302.25M | $392.08M | $363.63M | $33.11M | $302.98M | $309.45M | $375.86M | $307.93M | $334.84M | $416.15M | $358.12M | $354.62M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.84% | 1.17% | 1.00% | 1.00% | 0.91% | 1.31% | 1.08% | 0.98% | 1.03% | 1.43% | 1.05% | 1.13% | 12.06% | 1.32% | 1.27% | 0.96% | 1.20% | 1.09% | 0.92% | 1.13% | 1.06% |
NetApp EPS Forecast
Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | Apr 19 | Jan 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 6 | 4 | 4 | 7 | 4 | 5 | 11 | 11 | 11 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 15 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 |
EPS | - | - | - | - | - | - | - | - | - | $1.48 | $1.12 | $0.70 | $1.15 | $0.30 | $3.46 | $0.97 | $1.17 | $1.13 | $1.00 | $0.91 | $1.50 | $0.82 | $0.62 | $0.35 | $0.89 | $1.23 | $1.03 | $0.43 | $1.62 | $1.00 |
Avg Forecast | $2.03 | $1.90 | $1.72 | $1.21 | $1.79 | $1.69 | $1.58 | $1.38 | $1.73 | $1.69 | $1.39 | $1.07 | $1.35 | $1.31 | $1.33 | $1.10 | $1.28 | $1.28 | $1.21 | $0.95 | $1.12 | $1.01 | $0.73 | $0.41 | $1.10 | $1.18 | $0.94 | $0.62 | $1.26 | $1.15 |
High Forecast | $2.17 | $2.03 | $1.83 | $1.30 | $1.91 | $1.81 | $1.69 | $1.67 | $1.75 | $1.70 | $1.40 | $1.14 | $1.44 | $1.40 | $1.42 | $1.17 | $1.37 | $1.33 | $1.26 | $0.99 | $1.16 | $1.05 | $0.75 | $0.42 | $1.14 | $1.22 | $0.97 | $0.64 | $1.31 | $1.19 |
Low Forecast | $1.92 | $1.80 | $1.62 | $1.15 | $1.69 | $1.60 | $1.49 | $1.22 | $1.71 | $1.68 | $1.35 | $1.01 | $1.27 | $1.24 | $1.26 | $1.04 | $1.21 | $1.23 | $1.16 | $0.92 | $1.08 | $0.97 | $0.70 | $0.39 | $1.06 | $1.13 | $0.90 | $0.59 | $1.21 | $1.10 |
Surprise % | - | - | - | - | - | - | - | - | - | 0.88% | 0.80% | 0.65% | 0.85% | 0.23% | 2.60% | 0.88% | 0.91% | 0.88% | 0.83% | 0.95% | 1.34% | 0.81% | 0.85% | 0.86% | 0.81% | 1.04% | 1.10% | 0.70% | 1.29% | 0.87% |
NetApp Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
DDD | 3D Systems | $3.70 | $14.00 | 278.38% | Hold |
SMCI | Super Micro Computer | $798.50 | $901.43 | 12.89% | Buy |
HPQ | HP | $29.72 | $32.89 | 10.67% | Buy |
STX | Seagate Technology | $94.01 | $101.24 | 7.69% | Buy |
WDC | Western Digital | $71.60 | $75.67 | 5.68% | Buy |
LOGI | Logitech | $84.76 | $80.00 | -5.62% | Buy |
PSTG | Pure Storage | $54.41 | $41.56 | -23.62% | Buy |
NTAP | NetApp | $108.50 | $78.45 | -27.70% | Hold |
ANET | Arista Networks | $314.03 | $193.10 | -38.51% | Buy |
DELL | Dell | $132.77 | $70.73 | -46.73% | Buy |
NTAP Forecast FAQ
Is NetApp a good buy?
No, according to 13 Wall Street analysts, NetApp (NTAP) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 38.46% of NTAP's total ratings.
What is NTAP's price target?
NetApp (NTAP) average price target is $78.45 with a range of $58 to $110, implying a -27.70% from its last price of $108.5. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NetApp stock go up soon?
According to Wall Street analysts' prediction for NTAP stock, the company can go down by -27.70% (from the last price of $108.5 to the average price target of $78.45), up by 1.38% based on the highest stock price target, and down by -46.54% based on the lowest stock price target.
Can NetApp stock reach $200?
NTAP's average twelve months analyst stock price target of $78.45 does not support the claim that NetApp can reach $200 in the near future.
What are NetApp's analysts' financial forecasts?
NetApp's analysts financial forecasts for the fiscal year (Apr 2025) are as follows: average revenue is $6.49B (high $6.83B, low $6.24B), average EBITDA is $1.4B (high $1.47B, low $1.34B), average net income is $1.36B (high $1.5B, low $1.27B), average SG&A $2.17B (high $2.28B, low $2.09B), and average EPS is $6.44 (high $7.09, low $6). NTAP's analysts financial forecasts for the fiscal year (Apr 2026) are as follows: average revenue is $6.73B (high $7.09B, low $6.44B), average EBITDA is $1.45B (high $1.52B, low $1.39B), average net income is $1.45B (high $1.55B, low $1.37B), average SG&A $2.25B (high $2.37B, low $2.15B), and average EPS is $6.86 (high $7.33, low $6.48).
Did the NTAP's actual financial results beat the analysts' financial forecasts?
Based on NetApp's last annual report (Apr 2023), the company's revenue was $6.36B, which missed the average analysts forecast of $6.37B by -0.19%. Apple's EBITDA was $1.55B, beating the average prediction of $1.25B by 23.92%. The company's net income was $1.27B, beating the average estimation of $870.16M by 46.41%. Apple's SG&A was $2.09B, beating the average forecast of $1.98B by 5.80%. Lastly, the company's EPS was $5.87, beating the average prediction of $5.08 by 15.53%. In terms of the last quarterly report (Jan 2024), NetApp's revenue was $1.61B, beating the average analysts' forecast of $1.59B by 0.97%. The company's EBITDA was $366M, missing the average prediction of $392.16M by -6.67%. NetApp's net income was $313M, beating the average estimation of $255.36M by 22.57%. The company's SG&A was $520M, missing the average forecast of $616.74M by -15.69%. Lastly, the company's EPS was $1.48, missing the average prediction of $1.69 by -12.37%