NetApp, Inc. (NTAP)
NASDAQ: NTAP · Real-Time Price · USD
126.02
+2.57 (2.08%)
Nov 21, 2024, 10:41 AM EST - Market open
NetApp Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for NetApp stock have an average target of 131.38, with a low estimate of 100 and a high estimate of 155. The average target predicts an increase of 4.26% from the current stock price of 126.02.
Analyst Consensus: Buy
* Price targets were last updated on Sep 3, 2024.
Analyst Ratings
The average analyst rating for NetApp stock from 18 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 | 11 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 17 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Nov 13, 2024 |
| Loop Capital | Loop Capital | Hold → Strong Buy Upgrades $121 → $150 | Hold → Strong Buy | Upgrades | $121 → $150 | +19.03% | Sep 3, 2024 |
| Stifel | Stifel | Strong Buy Maintains $138 → $140 | Strong Buy | Maintains | $138 → $140 | +11.10% | Aug 29, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $146 → $147 | Hold | Maintains | $146 → $147 | +16.65% | Aug 29, 2024 |
| Barclays | Barclays | Hold Maintains $116 → $119 | Hold | Maintains | $116 → $119 | -5.57% | Aug 29, 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.