NetApp, Inc. (NTAP)

NetApp Stock Forecast

Stock Price Forecast

The 13 analysts that cover NetApp stock have a consensus rating of "Buy" and an average price target of $123.15, which forecasts a 7.65% increase in the stock price over the next year. The lowest target is $100 and the highest is $137.

Price Target: $123.15 (+7.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$100	$123.15	$129	$137
Change	-12.59%	+7.65%	+12.76%	+19.76%

Analyst Ratings

The average analyst rating for NetApp stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	3	4	4	4	2	2
Buy	2	2	2	2	3	3
Hold	11	10	10	10	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	16	16	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nehal Chokshi Northland Capital Markets	Northland Capital Markets	Hold → Buy Upgrades $120 → $137	Hold → Buy	Upgrades	$120 → $137	+19.76%	Nov 26, 2025
Tim Long Barclays	Barclays	Buy Maintains $125 → $134	Buy	Maintains	$125 → $134	+17.13%	Nov 26, 2025
Aaron Rakers Wells Fargo	Wells Fargo	Hold Maintains $100 → $115	Hold	Maintains	$100 → $115	+0.52%	Nov 26, 2025
David Vogt UBS	UBS	Hold Maintains $114 → $120	Hold	Maintains	$114 → $120	+4.90%	Nov 26, 2025
Wamsi Mohan B of A Securities	B of A Securities	Hold Maintains $125 → $129	Hold	Maintains	$125 → $129	+12.76%	Nov 26, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.90B

Increased by 4.95%

from 6.57B

Revenue Next Year

7.23B

Increased by 4.87%

from 6.90B

EPS This Year

8.07

Increased by 42.31%

from 5.67

EPS Next Year

8.73

Increased by 8.16%

from 8.07

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2021	Apr 29, 2022	Apr 28, 2023	Apr 26, 2024	Apr 25, 2025	Apr 25, 2026	Apr 25, 2027
Revenue	5.74B	6.32B	6.36B	6.27B	6.57B	6.90B	7.23B
Revenue Growth	6.14%	9.99%	0.70%	-1.48%	4.85%	4.95%	4.87%
EPS	3.23	4.09	5.79	4.63	5.67	8.07	8.73
EPS Growth	-8.24%	26.63%	41.57%	-20.04%	22.46%	42.31%	8.16%
Forward PE	-	-	-	-	-	14.18	13.11
No. Analysts	-	-	-	-	-	23	20

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	7.1B	7.5B
Avg	6.9B	7.2B
Low	6.6B	6.8B

Revenue Growth

Revenue Growth	2026	2027	2028
High	8.7%	8.9%
Avg	4.9%	4.9%
Low	0.5%	-1.3%

EPS Forecast

EPS	2026	2027	2028
High	8.42	9.42
Avg	8.07	8.73
Low	7.66	7.94

EPS Growth

EPS Growth	2026	2027	2028
High	48.5%	16.7%
Avg	42.3%	8.2%
Low	35.2%	-1.6%

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.