NetApp, Inc. (NTAP)
NASDAQ: NTAP · IEX Real-Time Price · USD
109.75
-0.87 (-0.79%)
At close: May 16, 2024, 4:00 PM
109.76
+0.01 (0.01%)
After-hours: May 16, 2024, 7:21 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 -10.77% from the current stock price of 109.75.
Analyst Consensus: Buy
* 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 '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 12 | 12 | 12 | 11 | 11 | 11 |
| Sell | 1 | 2 | 2 | 2 | 2 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 18 | 18 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $90 → $110 | Hold | Maintains | $90 → $110 | +0.23% | Mar 5, 2024 |
| Argus Research | Argus Research | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Mar 4, 2024 |
| UBS | UBS | Hold Maintains $93 → $96 | Hold | Maintains | $93 → $96 | -12.53% | Mar 1, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $87 → $95 | Sell | Maintains | $87 → $95 | -13.44% | Mar 1, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $105 → $120 | Strong Buy | Reiterates | $105 → $120 | +9.34% | Mar 1, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.5% | 9.5% | 11.4% |
| Avg | 0.3% | 4.3% | 4.2% |
| Low | -4.7% | -1.1% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.