NetApp Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, NetApp stock has a consensus rating of "Buy" and an average price target of $177.25. The average 1-year stock price forecast is 0.70% lower than the current stock price, while the lowest is $137 (-23.25%) and the highest is $200 (+12.04%).

Price Target: $177.25 (-0.70%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$137	$177.25	$180	$200
Change	-23.25%	-0.70%	+0.84%	+12.04%

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

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	6	6	6	5	6	6
Buy	3	3	2	2	2	2
Hold	11	11	11	11	11	11
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	21	21	20	19	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph Cardoso J.P. Morgan	J.P. Morgan	Hold Maintains $175	Hold	Maintains	$175	-1.96%	Jul 22, 2026
Katherine Murphy Goldman Sachs	Goldman Sachs	Buy Maintains $200	Buy	Maintains	$200	+12.04%	Jul 17, 2026
Tim Long Barclays	Barclays	Buy Maintains $199	Buy	Maintains	$199	+11.48%	Jun 24, 2026
Wamsi Mohan Bank of America Securities	Bank of America Securities	Hold Reiterates $150 → $180	Hold	Reiterates	$150 → $180	+0.84%	Jun 8, 2026
Asiya Merchant Citi	Citi	Hold Reiterates $114 → $150	Hold	Reiterates	$114 → $150	-15.97%	Jun 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.48B

from 6.93B

7.99%

from 6.93B

Revenue Next Year

7.89B

from 7.48B

5.48%

from 7.48B

EPS This Year

8.90

from 8.13

9.53%

from 8.13

EPS Next Year

9.84

from 8.90

10.48%

from 8.90

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 29, 2022	Apr 28, 2023	Apr 26, 2024	Apr 25, 2025	Apr 24, 2026	Apr 30, 2027
Revenue	6.32B	6.36B	6.27B	6.57B	6.93B	7.48B
Revenue Growth	9.99%	0.70%	-1.48%	4.85%	5.37%	7.99%
Gross Profit	4.22B	4.21B	4.43B	4.61B	4.90B	5.18B
Gross Margin	66.79%	66.16%	70.72%	70.19%	70.74%	69.25%
Operating Income	1.20B	1.16B	1.27B	1.43B	1.70B	2.22B
Net Income	937.00M	1.27B	986.00M	1.19B	1.28B	1.40B
EPS	-	-	-	-	8.13	8.90
EPS Growth	-	-	-	-	12.14%	9.53%
Forward PE	14.23	11.71	15.24	11.88	12.91	20.05
Dividend / Share	2.00	2.00	2.00	2.08	2.08	2.09
Dividend Growth	-	-	-	4.00%	-	0.65%
Free Cash Flow	764.25M	969.50M	1.42B	1.15B	1.30B	1.80B
No. Analysts	-	-	-	-	-	18

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	7.6B
Avg	7.5B
Low	7.5B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	9.1%
Avg	8.0%
Low	7.6%

EPS Forecast

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EPS	2027	2028	2029
High	9.30
Avg	8.90
Low	8.83

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	14.4%
Avg	9.5%
Low	8.6%