NetApp, Inc. (NTAP)
NASDAQ: NTAP · Real-Time Price · USD
122.34
-4.34 (-3.43%)
At close: Nov 22, 2024, 4:00 PM
122.50
+0.16 (0.13%)
After-hours: Nov 22, 2024, 7:59 PM EST
NetApp Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for NetApp stock have an average target of 135.94, with a low estimate of 120 and a high estimate of 160. The average target predicts an increase of 11.12% from the current stock price of 122.34.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for NetApp stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 12 | 12 | 11 | 11 | 11 | 12 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 17 | 18 | 18 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $130 → $135 | Hold | Maintains | $130 → $135 | +10.35% | Nov 22, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $145 → $160 | Strong Buy | Maintains | $145 → $160 | +30.78% | Nov 22, 2024 |
| Stifel | Stifel | Strong Buy Maintains $140 → $145 | Strong Buy | Maintains | $140 → $145 | +18.52% | Nov 22, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $135 → $140 | Hold | Maintains | $135 → $140 | +14.44% | Nov 22, 2024 |
| Barclays | Barclays | Hold Maintains $119 → $132 | Hold | Maintains | $119 → $132 | +7.90% | Nov 22, 2024 |
Financial Forecast
Revenue This Year
6.73B
from 6.27B
Increased by 7.34%
Revenue Next Year
7.06B
from 6.73B
Increased by 4.93%
EPS This Year
7.25
from 4.63
Increased by 56.55%
EPS Next Year
7.73
from 7.25
Increased by 6.72%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 7.0B | 7.5B | 7.8B |
| Avg | 6.7B | 7.1B | 7.4B |
| Low | 6.4B | 6.7B | 7.0B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 11.5% | 10.8% | 10.9% |
| Avg | 7.3% | 4.9% | 5.1% |
| Low | 2.6% | -1.0% | -0.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 7.51 | 8.40 | 9.38 |
| Avg | 7.25 | 7.73 | 8.63 |
| Low | 6.88 | 7.02 | 7.32 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 62.1% | 15.9% | 21.2% |
| Avg | 56.5% | 6.7% | 11.6% |
| Low | 48.6% | -3.2% | -5.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.