NetApp Stock Forecast

Stock Price Forecast

The 15 analysts that cover NetApp stock have a consensus rating of "Buy" and an average price target of $123, which forecasts a 5.89% increase in the stock price over the next year. The lowest target is $100 and the highest is $160.

Price Target: $123 (+5.89%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$100	$123	$125	$160
Change	-13.91%	+5.89%	+7.61%	+37.75%

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	Apr '25	May '25	Jun '25	Jul '25	Aug '25	Sep '25
Strong Buy	4	4	4	3	4	4
Buy	2	2	2	2	2	2
Hold	11	11	11	11	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	17	17	17	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jim Kelleher Argus Research	Argus Research	Strong Buy Reiterates $130	Strong Buy	Reiterates	$130	+11.92%	Aug 29, 2025
Nehal Chokshi Northland Capital Markets	Northland Capital Markets	Hold Maintains $119 → $120	Hold	Maintains	$119 → $120	+3.31%	Aug 28, 2025
Tim Long Barclays	Barclays	Buy Maintains $117 → $125	Buy	Maintains	$117 → $125	+7.61%	Aug 28, 2025
David Vogt UBS	UBS	Hold Maintains $108 → $114	Hold	Maintains	$108 → $114	-1.86%	Aug 28, 2025
Wamsi Mohan B of A Securities	B of A Securities	Hold Maintains $121 → $125	Hold	Maintains	$121 → $125	+7.61%	Aug 25, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.90B

from 6.57B

4.98%

from 6.57B

Revenue Next Year

7.25B

from 6.90B

5.07%

from 6.90B

EPS This Year

7.90

from 5.67

39.32%

from 5.67

EPS Next Year

8.66

from 7.90

9.68%

from 7.90

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	7.25B
Revenue Growth	6.14%	9.99%	0.70%	-1.48%	4.85%	4.98%	5.07%
EPS	3.23	4.09	5.79	4.63	5.67	7.90	8.66
EPS Growth	-8.24%	26.63%	41.57%	-20.04%	22.46%	39.32%	9.68%
Forward PE	-	-	-	-	-	14.70	13.41
No. Analysts	-	-	-	-	-	23	20

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

Revenue Forecast

Revenue	2026	2027
High	7.2B	7.6B
Avg	6.9B	7.2B
Low	6.6B	6.8B

Revenue Growth

Revenue Growth	2026	2027
High	9.7%	10.8%
Avg	5.0%	5.1%
Low	-0.1%	-1.0%

EPS Forecast

EPS	2026	2027
High	8.28	9.26
Avg	7.90	8.66
Low	7.45	7.69

EPS Growth

EPS Growth	2026	2027
High	46.1%	17.2%
Avg	39.3%	9.7%
Low	31.4%	-2.6%

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.