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NetApp (NTAP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

NTAP Stock Forecast

NetApp stock forecast is as follows: an average price target of $125.43 (represents a 4.28% upside from NTAP’s last price of $120.28) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

NTAP Price Target

The average price target for NetApp (NTAP) is $125.43 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $65.00. This represents a potential 4.28% upside from NTAP's last price of $120.28.

NTAP Analyst Ratings

Buy

According to 16 Wall Street analysts, NetApp's rating consensus is 'Buy'. The analyst rating breakdown for NTAP stock is 0 'Strong Buy' (0.00%), 10 'Buy' (62.50%), 5 'Hold' (31.25%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).

NetApp Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 03, 2024Matt O’ConnorWells Fargo$65.00$121.86-46.66%-45.96%
Sep 03, 2024Ananda BaruahLoop Capital Markets$150.00$119.4825.54%24.71%
Aug 29, 2024Tim LongBarclays$119.00$119.20-0.17%-1.06%
Aug 29, 2024Samik ChatterjeeJ.P. Morgan$147.00$119.2023.32%22.21%
Aug 29, 2024Matthew SheerinStifel Nicolaus$140.00$119.2017.45%16.40%
Aug 28, 2024Meta MarshallMorgan Stanley$127.00$131.91-3.72%5.59%
Aug 15, 2024Asiya MerchantCitigroup$130.00$127.112.27%8.08%
Jun 12, 2024Matthew SheerinStifel Nicolaus$138.00$125.479.99%14.73%
Jun 12, 2024Mehdi HosseiniSusquehanna$155.00$125.4723.54%28.87%
Jun 12, 2024Aaron RakersWells Fargo$135.00$125.477.60%12.24%
Jun 05, 2024Jim KelleherArgus Research$140.00$121.5115.22%16.40%
Jun 03, 2024Matt BrysonWedbush$120.00$116.712.82%-0.23%
May 31, 2024Matthew SheerinStifel Nicolaus$130.00$116.5011.59%8.08%
May 31, 2024Amit DaryananiEvercore ISI$120.00$116.503.00%-0.23%
May 22, 2024Mehdi HosseiniSusquehanna$130.00$113.3414.70%8.08%
Nov 29, 2023Tim LongBarclays$87.20$89.41-2.47%-27.50%
Nov 27, 2023Matt BrysonWedbush$75.00$78.34-4.26%-37.65%
Nov 27, 2023David VogtUBS$84.00$78.347.22%-30.16%
May 31, 2023Tim LongBarclays$71.00$69.102.75%-40.97%
Apr 10, 2023Matthew SheerinStifel Nicolaus$75.00$63.0019.05%-37.65%
Mar 14, 2023David VogtUBS$74.00$61.8219.70%-38.48%
Dec 20, 2022J.P. Morgan$71.00$58.9920.36%-40.97%
Dec 13, 2022Meta MarshallMorgan Stanley$58.00$64.70-10.36%-51.78%
Dec 05, 2022Loop Capital Markets$67.00$64.693.58%-44.30%
Nov 30, 2022Matt BrysonWedbush$80.00$65.5322.08%-33.49%
Nov 30, 2022Northland Securities$99.00$67.7946.04%-17.69%
Nov 30, 2022Cowen & Co.$80.00$66.9819.44%-33.49%
Nov 30, 2022Wedbush$70.00$65.217.35%-41.80%
Nov 30, 2022UBS$78.00$64.5820.78%-35.15%
Nov 30, 2022Wells Fargo$70.00$65.536.82%-41.80%
Nov 30, 2022Morgan Stanley$66.00$65.840.24%-45.13%
Nov 30, 2022Susquehanna$65.00$65.41-0.63%-45.96%
Nov 30, 2022Deutsche Bank$78.00$65.5019.08%-35.15%
Nov 30, 2022Raymond James$80.00$71.7911.44%-33.49%
Nov 30, 2022Citigroup$110.00$71.7953.22%-8.55%
Nov 30, 2022Barclays$83.00$71.7915.61%-30.99%
Sep 09, 2022Simon Leopold LeopoldRaymond James$105.00$71.4147.04%-12.70%
Aug 25, 2022Goldman Sachs$68.00$72.82-6.62%-43.47%
Jun 28, 2022Sidney HoDeutsche Bank$84.00$67.9223.67%-30.16%
Jun 10, 2022Nehal ChokshiNorthland Securities$101.00$67.7749.03%-16.03%
Jun 07, 2022Simon LeopoldRaymond James$94.00$71.4631.54%-21.85%
Jun 02, 2022Morgan Stanley$88.00$72.5721.26%-26.84%
Jun 02, 2022Susquehanna$100.00$72.5137.91%-16.86%
Jun 02, 2022Wells Fargo$85.00$72.5117.23%-29.33%
Apr 17, 2022Meta MarshallMorgan Stanley$91.00$75.5020.53%-24.34%
Apr 10, 2022David VogtUBS$91.00$78.1016.52%-24.34%
Mar 10, 2022Tim LongBarclays$102.00$82.6223.46%-15.20%
Feb 24, 2022Jim SuvaCitigroup$120.00$78.7952.30%-0.23%
Feb 24, 2022Meta MarshallMorgan Stanley$102.00$78.7929.46%-15.20%
Jan 14, 2022Karl AckermanCowen & Co.$116.00$94.8122.35%-3.56%
Dec 01, 2021Ananda BaruahLoop Capital Markets$100.00$88.4213.10%-16.86%
Dec 01, 2021Matthew SheerinStifel Nicolaus$93.00$88.425.18%-22.68%
Aug 26, 2021Matt BrysonWedbush$85.00$84.680.38%-29.33%
Aug 26, 2021Simon LeopoldRaymond James$104.00$84.6822.82%-13.54%
Jun 04, 2021Louis MisciosciaDaiwa$88.00$78.8811.56%-26.84%

The latest NetApp stock forecast, released on Sep 03, 2024 by Matt O’Connor from Wells Fargo, set a price target of $65.00, which represents a -46.66% decrease from the stock price at the time of the forecast ($121.86), and a -45.96% decrease from NTAP last price ($120.28).

NetApp Price Target by Period

1M3M12M
# Anlaysts--15
Avg Price Target--$129.73
Last Closing Price$120.28$120.28$120.28
Upside/Downside-100.00%-100.00%7.86%

In the current month, the average price target of NetApp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NetApp's last price of $120.28. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024Loop Capital MarketsHoldBuyUpgrade
Aug 29, 2024UBSNeutralNeutralHold
Aug 29, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 28, 2024WedbushNeutralNeutralHold
Aug 28, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 15, 2024CitigroupNeutralNeutralHold
Aug 12, 2024Wells FargoBuyBuyHold
Jun 12, 2024Wells FargoBuyBuyHold
Jun 12, 2024SusquehannaPositivePositiveHold
Jun 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 12, 2024Wells FargoEqual-WeightEqual-WeightHold
Jun 03, 2024B. RileyOutperformOutperformHold
Jun 03, 2024WedbushNeutralNeutralHold
Jun 03, 2024B. Riley SecuritiesBuyBuyHold
Jun 03, 2024Wells FargoOverweightOverweightHold
Jun 03, 2024JefferiesBuyBuyHold
May 31, 2024Cowen & Co.BuyBuyHold
May 31, 2024BarclaysEqual-WeightEqual-WeightHold
May 29, 2024Bank of America SecuritiesUnderperformUnderperformHold
May 22, 2024SusquehannaPositivePositiveHold
May 21, 2024CitigroupNeutralNeutralHold
Mar 01, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 01, 2024Cowen & Co.OutperformOutperformHold
Nov 29, 2023Wells FargoEqual-WeightEqual-WeightHold
Nov 29, 2023Raymond JamesOutperformOutperformHold
Nov 29, 2023BarclaysEqual-WeightEqual-WeightHold
Nov 27, 2023CitigroupNeutralNeutralHold
Nov 27, 2023WedbushNeutralNeutralHold
Nov 27, 2023UBSNeutralNeutralHold
Nov 27, 2023Cowen & Co.OutperformOutperformHold
Sep 05, 2023SusquehannaNeutralPositiveUpgrade
Aug 23, 2023WedbushNeutralNeutralHold
Aug 23, 2023UBSNeutralNeutralHold
Aug 21, 2023Deutsche BankBuyBuyHold
Jul 26, 2023Morgan StanleyUnderweightEqual-WeightUpgrade
May 31, 2023UBSNeutralNeutralHold
May 31, 2023Loop Capital MarketsHoldHoldHold
May 11, 2023Morgan StanleyUnderweightUnderweightHold
Apr 11, 2023Raymond JamesOutperformOutperformHold
Mar 14, 2023Loop Capital MarketsHoldHoldHold
Feb 23, 2023Raymond JamesOutperformOutperformHold
Jan 10, 2023BarclaysOverweightEqual-WeightDowngrade
Dec 13, 2022Morgan StanleyEqual-WeightUnderweightDowngrade
Nov 30, 2022Cowen & Co.OutperformOutperformHold
Nov 30, 2022WedbushNeutralNeutralHold
Nov 30, 2022UBSNeutralNeutralHold
Nov 30, 2022Wells FargoEqual-WeightEqual-WeightHold
Nov 30, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Nov 30, 2022SusquehannaNeutralNeutralHold
Nov 30, 2022Deutsche BankBuyBuyHold
Nov 30, 2022Raymond JamesOutperformOutperformHold
Nov 30, 2022CitigroupBuyBuyHold
Nov 30, 2022BarclaysOverweightOverweightHold
Sep 19, 2022SusquehannaNeutralBuyDowngrade
Sep 19, 2022SusquehannaPositiveNeutralDowngrade
Aug 25, 2022Wells FargoHoldHoldHold
Aug 25, 2022CitigroupBuyBuyHold
Aug 25, 2022BarclaysOverweightOverweightHold
Aug 25, 2022Raymond JamesOutperformOutperformHold
Aug 25, 2022Goldman SachsSellSellHold
Aug 25, 2022Deutsche BankBuyBuyHold
Jul 26, 2022OTR GlobalPositiveUpgrade
Jun 14, 2022Deutsche BankHoldBuyUpgrade
Jun 07, 2022Raymond JamesOutperformOutperformHold
Jun 02, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jun 02, 2022SusquehannaPositivePositiveHold
Jun 02, 2022Wells FargoEqual-WeightEqual-WeightHold
Apr 10, 2022UBSNeutralInitialise
Mar 10, 2022BarclaysOverweightUpgrade
Feb 24, 2022Wells FargoEqual-WeightEqual-WeightHold
Feb 24, 2022Deutsche BankHoldHoldHold
Feb 24, 2022Morgan StanleyOverweightOverweightHold

NetApp's last stock rating was published by Loop Capital Markets on Sep 03, 2024. The company Upgrade its NTAP rating from "Hold" to "Buy".

NetApp Financial Forecast

NetApp Revenue Forecast

Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20
Revenue-------------$1.61B$1.56B$1.43B$1.58B$1.53B$1.66B$1.59B$1.68B$1.61B$1.57B$1.46B$1.55B$1.47B$1.42B$1.30B$1.40B$1.40B
Avg Forecast$1.96B$1.89B$1.83B$1.67B$1.86B$1.79B$1.74B$1.64B$1.76B$1.69B$1.65B$1.53B$1.65B$1.59B$1.53B$1.41B$1.54B$1.61B$1.67B$1.55B$1.68B$1.61B$1.55B$1.43B$1.50B$1.43B$1.32B$1.15B$1.41B$1.46B
High Forecast$2.00B$1.93B$1.86B$1.70B$1.90B$1.82B$1.78B$1.67B$1.80B$1.73B$1.65B$1.53B$1.65B$1.59B$1.56B$1.44B$1.57B$1.64B$1.70B$1.57B$1.71B$1.64B$1.57B$1.45B$1.52B$1.45B$1.33B$1.17B$1.43B$1.48B
Low Forecast$1.94B$1.88B$1.81B$1.66B$1.85B$1.77B$1.73B$1.63B$1.75B$1.68B$1.64B$1.53B$1.65B$1.59B$1.52B$1.40B$1.53B$1.60B$1.63B$1.51B$1.64B$1.57B$1.51B$1.40B$1.46B$1.40B$1.28B$1.12B$1.37B$1.43B
# Analysts66888855512131096128885555666699159
Surprise %-------------1.01%1.02%1.01%1.02%0.95%0.99%1.03%1.00%1.00%1.01%1.02%1.04%1.03%1.08%1.13%1.00%0.96%

NetApp's average Quarter revenue forecast for Apr 24 based on 9 analysts is $1.65B, with a low forecast of $1.65B, and a high forecast of $1.65B. NTAP's average Quarter revenue forecast represents a 3.04% increase compared to the company's last Quarter revenue of $1.61B (Jan 24).

NetApp EBITDA Forecast

Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20
# Analysts66888855512131096128885555666699159
EBITDA-------------$366.00M$304.00M$178.00M$403.00M$417.00M$373.00M$355.00M$362.00M$376.00M$344.00M$301.00M$503.00M$320.00M$249.00M$171.00M$311.00M$337.00M
Avg Forecast$450.24M$434.66M$419.64M$383.37M$427.73M$410.26M$400.91M$377.01M$404.93M$389.02M$377.96M$350.69M$381.74M$365.44M$351.13M$324.66M$347.04M$369.77M$368.26M$340.70M$315.49M$354.97M$341.10M$315.10M$291.49M$315.33M$289.42M$253.61M$342.71M$321.35M
High Forecast$459.02M$443.14M$427.83M$390.85M$436.08M$418.27M$408.74M$384.37M$412.83M$396.61M$380.26M$350.69M$458.09M$365.44M$357.98M$331.00M$416.44M$376.99M$373.58M$345.56M$378.59M$360.03M$345.96M$319.60M$349.78M$319.83M$293.54M$257.23M$411.25M$325.93M
Low Forecast$446.78M$431.32M$416.42M$380.42M$424.45M$407.11M$397.84M$374.12M$401.82M$386.03M$375.67M$350.68M$305.39M$365.44M$348.43M$322.17M$277.63M$366.94M$359.49M$332.52M$252.39M$346.44M$332.91M$307.54M$233.19M$307.76M$282.47M$247.52M$274.17M$313.63M
Surprise %-------------1.00%0.87%0.55%1.16%1.13%1.01%1.04%1.15%1.06%1.01%0.96%1.73%1.01%0.86%0.67%0.91%1.05%

9 analysts predict NTAP's average Quarter EBITDA for Apr 24 to be $381.74M, with a high of $458.09M and a low of $305.39M. This is 4.30% upper than NetApp's previous annual EBITDA (Jan 24) of $366.00M.

NetApp Net Income Forecast

Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20
# Analysts66888855512131096128885555666699159
Net Income-------------$313.00M$233.00M$149.00M$245.00M$65.00M$750.00M$214.00M$259.00M$252.00M$224.00M$202.00M$334.00M$182.00M$137.00M$77.00M$196.00M$277.00M
Avg Forecast$441.50M$434.24M$415.40M$336.14M$461.18M$430.87M$410.51M$362.83M$418.57M$399.88M$374.57M$305.40M$269.46M$354.68M$292.55M$224.87M$244.97M$274.70M$281.90M$232.84M$222.70M$272.30M$256.93M$202.11M$165.78M$214.47M$154.08M$86.32M$281.69M$249.88M
High Forecast$452.70M$445.25M$425.93M$344.66M$472.87M$441.79M$420.92M$372.04M$429.19M$404.09M$376.66M$317.13M$323.36M$354.69M$294.64M$230.58M$293.96M$281.66M$287.20M$238.81M$267.24M$277.35M$260.47M$208.25M$198.94M$218.45M$156.94M$87.92M$338.03M$254.51M
Low Forecast$437.09M$429.91M$411.25M$332.78M$456.58M$426.57M$406.41M$359.21M$414.39M$395.67M$372.48M$293.67M$215.57M$354.68M$284.19M$222.63M$195.97M$271.96M$273.17M$226.87M$178.16M$263.80M$253.39M$195.98M$132.63M$207.78M$149.27M$83.62M$225.36M$242.08M
Surprise %-------------0.88%0.80%0.66%1.00%0.24%2.66%0.92%1.16%0.93%0.87%1.00%2.01%0.85%0.89%0.89%0.70%1.11%

NetApp's average Quarter net income forecast for Apr 24 is $269.46M, with a range of $215.57M to $323.36M. NTAP's average Quarter net income forecast represents a -13.91% decrease compared to the company's last Quarter net income of $313.00M (Jan 24).

NetApp SG&A Forecast

Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20
# Analysts66888855512131096128885555666699159
SG&A-------------$520.00M$536.00M$542.00M$509.00M$509.00M$546.00M$530.00M$552.00M$526.00M$541.00M$517.00M$513.00M$499.00M$499.00M$490.00M$452.00M$462.00M
Avg Forecast$665.41M$642.38M$620.19M$566.57M$632.14M$606.32M$592.51M$557.19M$598.45M$574.93M$558.59M$518.28M$562.45M$540.09M$518.93M$479.82M$511.32M$546.49M$567.05M$524.61M$464.84M$546.58M$525.22M$485.19M$454.53M$485.55M$445.64M$390.51M$469.83M$494.81M
High Forecast$678.39M$654.91M$632.29M$577.63M$644.48M$618.16M$604.07M$568.06M$610.13M$586.14M$561.98M$518.28M$674.94M$540.09M$529.05M$489.18M$613.59M$557.15M$575.24M$532.09M$557.80M$554.37M$532.71M$492.11M$545.44M$492.47M$452.00M$396.08M$563.80M$501.86M
Low Forecast$660.30M$637.45M$615.43M$562.23M$627.29M$601.67M$587.96M$552.91M$593.86M$570.51M$555.21M$518.27M$449.96M$540.09M$514.95M$476.14M$409.06M$542.29M$553.54M$512.01M$371.87M$533.45M$512.61M$473.54M$363.63M$473.89M$434.94M$381.14M$375.86M$482.93M
Surprise %-------------0.96%1.03%1.13%1.00%0.93%0.96%1.01%1.19%0.96%1.03%1.07%1.13%1.03%1.12%1.25%0.96%0.93%

NetApp's average Quarter SG&A projection for Apr 24 is $562.45M, based on 9 Wall Street analysts, with a range of $449.96M to $674.94M. The forecast indicates a 8.16% rise compared to NTAP last annual SG&A of $520.00M (Jan 24).

NetApp EPS Forecast

Apr 27Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20
# Analysts66888855512131096128885555666699159
EPS-------------$1.48$1.12$0.70$1.15$0.30$3.46$0.97$1.17$1.13$1.00$0.91$1.50$0.82$0.62$0.35$0.89$1.23
Avg Forecast$2.10$2.07$1.98$1.60$2.20$2.05$1.95$1.73$1.99$1.90$1.78$1.45$1.79$1.69$1.39$1.07$1.35$1.31$1.33$1.10$1.28$1.28$1.21$0.95$1.12$1.01$0.73$0.41$1.10$1.18
High Forecast$2.16$2.12$2.03$1.64$2.25$2.10$2.00$1.77$2.04$1.92$1.79$1.51$1.79$1.69$1.40$1.10$1.39$1.34$1.35$1.13$1.30$1.31$1.23$0.98$1.14$1.03$0.74$0.41$1.12$1.20
Low Forecast$2.08$2.05$1.96$1.58$2.17$2.03$1.94$1.71$1.97$1.88$1.77$1.40$1.79$1.69$1.35$1.06$1.30$1.30$1.29$1.07$1.24$1.24$1.20$0.92$1.08$0.98$0.70$0.39$1.07$1.14
Surprise %-------------0.88%0.80%0.65%0.85%0.23%2.60%0.88%0.91%0.88%0.83%0.95%1.34%0.81%0.85%0.86%0.81%1.04%

According to 9 Wall Street analysts, NetApp's projected average Quarter EPS for Apr 24 is $1.79, with a low estimate of $1.79 and a high estimate of $1.79. This represents a 20.80% increase compared to NTAP previous annual EPS of $1.48 (Jan 24).

NetApp Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ANETArista Networks$107.84$403.33274.01%Buy
SMCISuper Micro Computer$27.80$52.2187.81%Buy
DELLDell$103.10$145.7141.33%Buy
WDCWestern Digital$62.80$84.0033.76%Buy
STXSeagate Technology$99.38$129.2530.06%Buy
SSYSStratasys$9.60$11.0014.58%Buy
HPQHP$32.61$35.759.63%Hold
PSTGPure Storage$67.64$71.505.71%Buy
NTAPNetApp$120.28$125.434.28%Buy
DDD3D Systems$3.75$3.883.47%Buy
LOGILogitech$96.79$95.25-1.59%Buy

NTAP Forecast FAQ

Is NetApp a good buy?

Yes, according to 16 Wall Street analysts, NetApp (NTAP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 62.50% of NTAP's total ratings.

What is NTAP's price target?

NetApp (NTAP) average price target is $125.43 with a range of $65 to $150, implying a 4.28% from its last price of $120.28. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will NetApp stock go up soon?

According to Wall Street analysts' prediction for NTAP stock, the company can go up by 4.28% (from the last price of $120.28 to the average price target of $125.43), up by 24.71% based on the highest stock price target, and down by -45.96% based on the lowest stock price target.

Can NetApp stock reach $200?

NTAP's average twelve months analyst stock price target of $125.43 does not support the claim that NetApp can reach $200 in the near future.

What are NetApp's analysts' financial forecasts?

NetApp's analysts financial forecasts for the fiscal year (Apr 2026) are as follows: average revenue is $7.03B (high $7.17B, low $6.98B), average EBITDA is $1.62B (high $1.65B, low $1.6B), average net income is $1.67B (high $1.71B, low $1.65B), average SG&A $2.39B (high $2.43B, low $2.37B), and average EPS is $7.93 (high $8.13, low $7.85). NTAP's analysts financial forecasts for the fiscal year (Apr 2027) are as follows: average revenue is $7.35B (high $7.49B, low $7.29B), average EBITDA is $1.69B (high $1.72B, low $1.67B), average net income is $1.63B (high $1.67B, low $1.61B), average SG&A $2.49B (high $2.54B, low $2.48B), and average EPS is $7.75 (high $7.95, low $7.67).

Did the NTAP's actual financial results beat the analysts' financial forecasts?

Based on NetApp's last annual report (Apr 2023), the company's revenue was $6.36B, which missed the average analysts forecast of $6.37B by -0.19%. Apple's EBITDA was $1.55B, beating the average prediction of $1.43B by 8.57%. The company's net income was $1.27B, beating the average estimation of $1.03B by 23.16%. Apple's SG&A was $2.09B, missing the average forecast of $2.15B by -2.58%. Lastly, the company's EPS was $5.87, beating the average prediction of $5.08 by 15.53%. In terms of the last quarterly report (Jan 2024), NetApp's revenue was $1.61B, beating the average analysts' forecast of $1.59B by 0.97%. The company's EBITDA was $366M, beating the average prediction of $365.44M by 0.15%. NetApp's net income was $313M, missing the average estimation of $354.68M by -11.75%. The company's SG&A was $520M, missing the average forecast of $540.09M by -3.72%. Lastly, the company's EPS was $1.48, missing the average prediction of $1.69 by -12.37%