NetApp, Inc. (NTAP)
NASDAQ: NTAP · Real-Time Price · USD
111.74
-2.40 (-2.10%)
At close: May 6, 2026, 4:00 PM EDT
113.00
+1.26 (1.13%)
Pre-market: May 7, 2026, 8:55 AM EDT
NetApp Stock Forecast
Stock Price Forecast
The 11 analysts that cover NetApp stock have a consensus rating of "Hold" and an average price target of $118.09, which forecasts a 5.68% increase in the stock price over the next year. The lowest target is $89 and the highest is $137.
Price Target: $118.09 (+5.68%)
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for NetApp stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Hold | 9 | 8 | 8 | 8 | 9 | 8 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 13 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $125 → $110 | Buy → Hold | Downgrades | $125 → $110 | -1.56% | Apr 16, 2026 |
| Citigroup | Citigroup | Hold Maintains $110 → $114 | Hold | Maintains | $110 → $114 | +2.02% | Mar 2, 2026 |
| Wedbush | Wedbush | Hold Reiterates $115 | Hold | Reiterates | $115 | +2.92% | Feb 25, 2026 |
| Citigroup | Citigroup | Hold Maintains $125 → $110 | Hold | Maintains | $125 → $110 | -1.56% | Feb 17, 2026 |
| Morgan Stanley | Morgan Stanley | Hold → Sell Downgrades $117 → $89 | Hold → Sell | Downgrades | $117 → $89 | -20.35% | Jan 20, 2026 |
Financial Forecast
Revenue This Year
6.98B
from 6.57B
Increased by 6.22%
Revenue Next Year
7.33B
from 6.98B
Increased by 5.06%
EPS This Year
8.14
from 5.67
Increased by 43.53%
EPS Next Year
8.71
from 8.14
Increased by 7.08%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 7.2B | 7.8B | |
| Avg | 7.0B | 7.3B | |
| Low | 6.6B | 6.7B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 10.1% | 11.1% | |
| Avg | 6.2% | 5.1% | |
| Low | 1.2% | -3.9% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 8.40 | 9.48 | |
| Avg | 8.14 | 8.71 | |
| Low | 7.79 | 7.38 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 48.1% | 16.5% | |
| Avg | 43.5% | 7.1% | |
| Low | 37.4% | -9.3% |
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 sources.