NetApp, Inc. (NTAP)
NASDAQ: NTAP · IEX Real-Time Price · USD
126.15
+0.59 (0.47%)
At close: Jul 26, 2024, 4:00 PM
127.00
+0.85 (0.67%)
After-hours: Jul 26, 2024, 6:22 PM EDT
NetApp Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for NetApp stock have an average target of 119.81, with a low estimate of 80 and a high estimate of 155. The average target predicts a decrease of -5.03% from the current stock price of 126.15.
Analyst Consensus: Buy
* Price targets were last updated on Jun 12, 2024.
Analyst Ratings
The average analyst rating for NetApp stock from 18 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 12 | 11 | 11 | 12 | 12 | 11 |
| Sell | 2 | 2 | 2 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 19 | 19 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $130 → $138 | Strong Buy | Maintains | $130 → $138 | +9.39% | Jun 12, 2024 |
| Wedbush | Wedbush | Hold Reiterates $120 | Hold | Reiterates | $120 | -4.88% | Jun 12, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $138 → $155 | Buy | Maintains | $138 → $155 | +22.87% | Jun 12, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $106 → $127 | Hold | Maintains | $106 → $127 | +0.67% | Jun 12, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $135 → $145 | Strong Buy | Maintains | $135 → $145 | +14.94% | Jun 12, 2024 |
Financial Forecast
Revenue This Year
6.68B
from 6.27B
Increased by 6.64%
Revenue Next Year
7.00B
from 6.68B
Increased by 4.79%
EPS This Year
7.02
from 4.63
Increased by 51.65%
EPS Next Year
7.52
from 7.02
Increased by 7.13%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 6.9B | 7.4B | 7.6B |
| Avg | 6.7B | 7.0B | 7.3B |
| Low | 6.3B | 6.6B | 6.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 10.6% | 10.8% | 8.3% |
| Avg | 6.6% | 4.8% | 3.8% |
| Low | 0.8% | -0.7% | -1.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 7.30 | 8.11 | 8.94 |
| Avg | 7.02 | 7.52 | 8.01 |
| Low | 6.50 | 6.94 | 7.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 57.6% | 15.4% | 18.8% |
| Avg | 51.6% | 7.1% | 6.5% |
| Low | 40.3% | -1.2% | -5.5% |
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.