NetApp (NTAP) Stock Forecast, Price Target & Predictions


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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


The average price target for NetApp (NTAP) is $78.45 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $110.00 to $58.00. This represents a potential -27.70% downside from NTAP's last price of $108.50.

NTAP Analyst Ratings


Hold

According to 13 Wall Street analysts, NetApp's rating consensus is 'Hold'. The analyst rating breakdown for NTAP stock is 0 'Strong Buy' (0.00%), 5 'Buy' (38.46%), 7 'Hold' (53.85%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

NetApp Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 29, 2023Tim LongBarclays$87.20$89.41-2.47%-19.63%
Nov 27, 2023Matt BrysonWedbush$75.00$78.34-4.26%-30.88%
Nov 27, 2023David VogtUBS$84.00$78.347.22%-22.58%
May 31, 2023Tim LongBarclays$71.00$69.102.75%-34.56%
Apr 10, 2023Matthew SheerinStifel Nicolaus$75.00$63.0019.05%-30.88%
Mar 14, 2023David VogtUBS$74.00$61.8219.70%-31.80%
Dec 20, 2022-J.P. Morgan$71.00$58.9920.36%-34.56%
Dec 13, 2022Meta MarshallMorgan Stanley$58.00$64.70-10.36%-46.54%
Dec 05, 2022-Loop Capital Markets$67.00$64.693.58%-38.25%
Nov 30, 2022Matt BrysonWedbush$80.00$65.5322.08%-26.27%
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The latest NetApp stock forecast, released on Nov 29, 2023 by Tim Long from Barclays, set a price target of $87.20, which represents a -2.47% decrease from the stock price at the time of the forecast ($89.41), and a -19.63% decrease from NTAP last price ($108.50).

NetApp Price Target by Period


1M3M12M
# Anlaysts--4
Avg Price Target--$79.30
Last Closing Price$108.50$108.50$108.50
Upside/Downside-100.00%-100.00%-26.91%

In the current month, the average price target of NetApp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NetApp's last price of $108.50. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Mar 01, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 01, 2024Cowen & Co.OutperformOutperformHold
Nov 29, 2023BarclaysEqual-WeightEqual-WeightHold
Nov 29, 2023Raymond JamesOutperformOutperformHold
Nov 29, 2023Wells FargoEqual-WeightEqual-WeightHold
Nov 27, 2023CitigroupNeutralNeutralHold
Nov 27, 2023WedbushNeutralNeutralHold
Nov 27, 2023UBSNeutralNeutralHold
Nov 27, 2023Cowen & Co.OutperformOutperformHold
Sep 05, 2023SusquehannaNeutralPositiveUpgrade
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NetApp's last stock rating was published by Barclays on Mar 01, 2024. The company gave NTAP a "Equal-Weight" rating, the same as its previous rate.

NetApp Financial Forecast


NetApp Revenue Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 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
# Analysts964474511111112999555566615101681171177
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's average Quarter revenue forecast for Apr 24 based on 11 analysts is $1.65B, with a low forecast of $1.58B, and a high forecast of $1.66B. NTAP's average Quarter revenue forecast represents a 2.64% increase compared to the company's last Quarter revenue of $1.61B (Jan 24).

NetApp EBITDA Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts964474511111112999555566615101681171177
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%

11 analysts predict NTAP's average Quarter EBITDA for Apr 24 to be $381.74M, with a high of $458.09M and a low of $305.39M. This is 4.30% upper than NetApp's previous annual EBITDA (Jan 24) of $366.00M.

NetApp Net Income Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts964474511111112999555566615101681171177
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's average Quarter net income forecast for Apr 24 is $269.46M, with a range of $215.57M to $323.36M. NTAP's average Quarter net income forecast represents a -13.91% decrease compared to the company's last Quarter net income of $313.00M (Jan 24).

NetApp SG&A Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts964474511111112999555566615101681171177
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's average Quarter SG&A projection for Apr 24 is $562.45M, based on 11 Wall Street analysts, with a range of $449.96M to $674.94M. The forecast indicates a 8.16% rise compared to NTAP last annual SG&A of $520.00M (Jan 24).

NetApp EPS Forecast

Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19
# Analysts964474511111112999555566615101681171177
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%

According to 11 Wall Street analysts, NetApp's projected average Quarter EPS for Apr 24 is $1.73, with a low estimate of $1.71 and a high estimate of $1.75. This represents a 16.93% increase compared to NTAP previous annual EPS of $1.48 (Jan 24).

NetApp Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DDD3D Systems$3.70$14.00278.38%Hold
SMCISuper Micro Computer$798.50$901.4312.89%Buy
HPQHP$29.72$32.8910.67%Buy
STXSeagate Technology$94.01$101.247.69%Buy
WDCWestern Digital$71.60$75.675.68%Buy
LOGILogitech$84.76$80.00-5.62%Buy
PSTGPure Storage$54.41$41.56-23.62%Buy
NTAPNetApp$108.50$78.45-27.70%Hold
ANETArista Networks$314.03$193.10-38.51%Buy
DELLDell$132.77$70.73-46.73%Buy

NTAP Forecast FAQ


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.

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.

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.

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.

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).

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%