NetApp, Inc. (NTAP)
NASDAQ: NTAP · IEX Real-Time Price · USD
110.47
+0.72 (0.66%)
At close: May 17, 2024, 4:00 PM
110.45
-0.02 (-0.02%)
After-hours: May 17, 2024, 7:58 PM EDT

NetApp Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for NetApp stock have an average target of 97.93, with a low estimate of 80 and a high estimate of 120. The average target predicts a decrease of -11.35% from the current stock price of 110.47.

Analyst Consensus: Buy
Target Low Average Median High
Price $80 $97.93 $100 $120
Change -27.58% -11.35% -9.48% +8.63%
* Price targets were last updated on Mar 5, 2024.

Analyst Ratings

The average analyst rating for NetApp stock from 17 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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 222333
Buy 322222
Hold 121212111111
Sell 122221
Strong Sell 000000
Total 181818181817

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Hold
Maintains
$90$110
Hold Maintains $90$110 -0.43% Mar 5, 2024
Argus Research
Argus Research
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Mar 4, 2024
UBS
UBS
Hold
Maintains
$93$96
Hold Maintains $93$96 -13.10% Mar 1, 2024
JP Morgan
JP Morgan
Sell
Maintains
$87$95
Sell Maintains $87$95 -14.00% Mar 1, 2024
Stifel
Stifel
Strong Buy
Reiterates
$105$120
Strong Buy Reiterates $105$120 +8.63% Mar 1, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.38B
from 6.36B
Increased by 0.27%
Revenue Next Year
6.65B
from 6.38B
Increased by 4.28%
EPS This Year
6.59
from 5.79
Increased by 13.80%
EPS Next Year
6.85
from 6.59
Increased by 3.92%
Year 20192020202120222023202420252026
Revenue
6.15B5.41B5.74B6.32B6.36B6.38B6.65B6.93B
Revenue Growth
3.84%-11.94%6.13%9.99%0.70%0.27%4.28%4.24%
EPS
4.513.523.234.095.796.596.857.32
EPS Growth
973.81%-21.95%-8.24%26.63%41.56%13.80%3.92%6.83%
No. Analysts -----222211
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 6.6B 7.0B 7.4B
Avg 6.4B 6.7B 6.9B
Low 6.1B 6.3B 6.5B

Revenue Growth

Revenue Growth 202420252026
High
3.5%
9.5%
11.4%
Avg
0.3%
4.3%
4.2%
Low
-4.7%
-1.1%
-2.1%

EPS Forecast

EPS 202420252026
High 6.83 7.47 8.07
Avg 6.59 6.85 7.32
Low 6.29 6.03 6.77

EPS Growth

EPS Growth 202420252026
High
17.9%
13.3%
17.9%
Avg
13.8%
3.9%
6.8%
Low
8.7%
-8.5%
-1.1%
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.