NetApp, Inc. (NTAP)
NASDAQ: NTAP · Real-Time Price · USD
118.45
+1.87 (1.60%)
At close: Dec 20, 2024, 4:00 PM
119.23
+0.78 (0.66%)
After-hours: Dec 20, 2024, 4:42 PM EST
NetApp Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for NetApp stock have an average target of 137.53, with a low estimate of 120 and a high estimate of 160. The average target predicts an increase of 16.11% from the current stock price of 118.45.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 4 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Hold | 12 | 11 | 11 | 11 | 12 | 11 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 17 | 18 | 18 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $132 → $146 | Hold | Maintains | $132 → $146 | +23.26% | Dec 17, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $160 | Hold → Buy | Upgrades | $160 | +35.08% | Dec 16, 2024 |
| Citigroup | Citigroup | Hold Maintains $130 → $135 | Hold | Maintains | $130 → $135 | +13.97% | Nov 22, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $145 → $160 | Strong Buy | Maintains | $145 → $160 | +35.08% | Nov 22, 2024 |
| Stifel | Stifel | Strong Buy Maintains $140 → $145 | Strong Buy | Maintains | $140 → $145 | +22.41% | Nov 22, 2024 |
Financial Forecast
Revenue This Year
6.78B
from 6.27B
Increased by 8.10%
Revenue Next Year
7.15B
from 6.78B
Increased by 5.45%
EPS This Year
7.41
from 4.63
Increased by 60.02%
EPS Next Year
7.96
from 7.41
Increased by 7.42%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 7.1B | 7.6B | 7.9B |
| Avg | 6.8B | 7.1B | 7.5B |
| Low | 6.4B | 6.8B | 7.0B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 12.5% | 12.1% | 10.0% |
| Avg | 8.1% | 5.4% | 4.4% |
| Low | 2.8% | -0.2% | -2.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 7.77 | 8.59 | 9.27 |
| Avg | 7.41 | 7.96 | 8.66 |
| Low | 6.96 | 7.27 | 7.60 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 67.8% | 15.9% | 16.5% |
| Avg | 60.0% | 7.4% | 8.9% |
| Low | 50.2% | -1.9% | -4.6% |
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.