NetApp (NTAP) Stock Forecast, Price Target & Predictions
NTAP Stock Forecast
NetApp stock forecast is as follows: an average price target of $110.56 (represents a -9.53% downside from NTAP’s last price of $122.20) 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 $110.56 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $155.00 to $65.00. This represents a potential -9.53% downside from NTAP's last price of $122.20.
NTAP Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Matt O’Connor | Wells Fargo | $65.00 | $121.86 | -46.66% | -46.81% |
| Sep 03, 2024 | Ananda Baruah | Loop Capital Markets | $150.00 | $119.48 | 25.54% | 22.75% |
| Aug 29, 2024 | Samik Chatterjee | J.P. Morgan | $147.00 | $119.20 | 23.32% | 20.29% |
| Aug 29, 2024 | Tim Long | Barclays | $119.00 | $119.20 | -0.17% | -2.62% |
| Aug 29, 2024 | Matthew Sheerin | Stifel Nicolaus | $140.00 | $119.20 | 17.45% | 14.57% |
| Aug 28, 2024 | Meta Marshall | Morgan Stanley | $127.00 | $131.91 | -3.72% | 3.93% |
| Aug 15, 2024 | Asiya Merchant | Citigroup | $130.00 | $127.11 | 2.27% | 6.38% |
| Jun 12, 2024 | Matthew Sheerin | Stifel Nicolaus | $138.00 | $125.47 | 9.99% | 12.93% |
| Jun 12, 2024 | Mehdi Hosseini | Susquehanna | $155.00 | $125.47 | 23.54% | 26.84% |
| Jun 12, 2024 | Aaron Rakers | Wells Fargo | $135.00 | $125.47 | 7.60% | 10.47% |
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 -46.81% decrease from NTAP last price ($122.20).
NetApp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 6 | 18 |
| Avg Price Target | - | $124.67 | $121.79 |
| Last Closing Price | $122.20 | $122.20 | $122.20 |
| Upside/Downside | -100.00% | 2.02% | -0.34% |
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 $122.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 03, 2024 | Loop Capital Markets | Hold | Buy | Upgrade |
| Aug 29, 2024 | UBS | Neutral | Neutral | Hold |
| Aug 29, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 28, 2024 | Wedbush | Neutral | Neutral | Hold |
| Aug 28, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 15, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 12, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jun 12, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jun 12, 2024 | Susquehanna | Positive | Positive | Hold |
| Jun 12, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
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 27 | Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 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 | $1.87B | $1.84B | $1.80B | $1.66B | $1.83B | $1.76B | $1.72B | $1.62B | $1.74B | $1.68B | $1.64B | $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 | $1.90B | $1.87B | $1.83B | $1.68B | $1.86B | $1.78B | $1.74B | $1.65B | $1.77B | $1.70B | $1.66B | $1.53B | $1.65B | $1.59B | $1.55B | $1.44B | $1.57B | $1.63B | $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 | $1.83B | $1.80B | $1.77B | $1.62B | $1.79B | $1.72B | $1.68B | $1.59B | $1.70B | $1.67B | $1.61B | $1.53B | $1.65B | $1.59B | $1.50B | $1.38B | $1.51B | $1.58B | $1.63B | $1.51B | $1.64B | $1.57B | $1.51B | $1.40B | $1.46B | $1.40B | $1.28B | $1.12B | $1.37B | $1.43B |
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 13 | 13 | 11 | 10 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 15 | 9 |
| 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 10 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 27 | Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 13 | 13 | 11 | 10 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 15 | 9 |
| 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 | $429.85M | $422.96M | $414.49M | $380.29M | $420.76M | $403.44M | $394.37M | $373.25M | $399.33M | $385.28M | $377.75M | $350.69M | $381.74M | $365.44M | $351.13M | $324.66M | $347.04M | $356.51M | $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 | $436.60M | $429.60M | $420.99M | $386.26M | $427.36M | $409.77M | $400.56M | $379.10M | $405.59M | $389.89M | $382.36M | $350.69M | $458.09M | $365.44M | $356.63M | $329.76M | $416.44M | $427.81M | $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 | $420.92M | $414.17M | $405.88M | $372.39M | $412.02M | $395.06M | $386.18M | $365.49M | $391.03M | $382.97M | $369.90M | $350.68M | $305.39M | $365.44M | $343.83M | $317.92M | $277.63M | $285.21M | $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% | 1.17% | 1.01% | 1.04% | 1.15% | 1.06% | 1.01% | 0.96% | 1.73% | 1.01% | 0.86% | 0.67% | 0.91% | 1.05% |
10 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 27 | Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 13 | 13 | 11 | 10 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 15 | 9 |
| 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 | $420.74M | $424.20M | $396.26M | $341.49M | $441.74M | $419.45M | $393.50M | $355.29M | $405.81M | $391.45M | $377.94M | $308.31M | $269.46M | $358.06M | $295.34M | $227.02M | $244.97M | $232.15M | $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 | $429.32M | $432.85M | $404.34M | $348.45M | $450.74M | $428.00M | $401.52M | $362.54M | $414.08M | $397.86M | $380.05M | $320.15M | $323.36M | $358.06M | $297.44M | $231.65M | $293.96M | $278.57M | $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 | $409.37M | $412.74M | $385.56M | $332.27M | $429.80M | $408.12M | $382.87M | $345.70M | $394.85M | $387.17M | $373.72M | $296.47M | $215.57M | $358.06M | $286.90M | $220.88M | $195.97M | $185.72M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.79% | 0.66% | 1.00% | 0.28% | 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 27 | Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 13 | 13 | 11 | 10 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 15 | 9 |
| 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 | $635.28M | $625.10M | $612.58M | $562.04M | $621.84M | $596.24M | $582.84M | $551.63M | $590.16M | $569.40M | $558.28M | $518.28M | $562.45M | $540.09M | $518.93M | $479.82M | $511.32M | $560.67M | $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 | $645.24M | $634.90M | $622.19M | $570.85M | $631.60M | $605.60M | $591.99M | $560.28M | $599.42M | $576.22M | $565.09M | $518.28M | $674.94M | $540.09M | $527.07M | $487.35M | $613.59M | $672.81M | $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 | $622.08M | $612.11M | $599.85M | $550.36M | $608.92M | $583.85M | $570.73M | $540.16M | $577.90M | $565.99M | $546.68M | $518.27M | $449.96M | $540.09M | $508.15M | $469.85M | $409.06M | $448.54M | $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% | 0.91% | 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 10 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 27 | Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 13 | 13 | 11 | 10 | 6 | 12 | 9 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 9 | 9 | 15 | 9 |
| 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 | $1.98 | $2.00 | $1.87 | $1.61 | $2.08 | $1.98 | $1.86 | $1.68 | $1.91 | $1.85 | $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 | $2.03 | $2.04 | $1.91 | $1.64 | $2.13 | $2.02 | $1.89 | $1.71 | $1.95 | $1.88 | $1.79 | $1.51 | $1.79 | $1.69 | $1.40 | $1.09 | $1.39 | $1.33 | $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 | $1.93 | $1.95 | $1.82 | $1.57 | $2.03 | $1.93 | $1.81 | $1.63 | $1.86 | $1.83 | $1.76 | $1.40 | $1.79 | $1.69 | $1.35 | $1.04 | $1.30 | $1.27 | $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 10 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SMCI | Super Micro Computer | $28.27 | $529.36 | 1772.52% | Buy |
| DDD | 3D Systems | $3.01 | $7.25 | 140.86% | Buy |
| SSYS | Stratasys | $9.19 | $12.25 | 33.30% | Buy |
| LOGI | Logitech | $77.93 | $98.00 | 25.75% | Buy |
| PSTG | Pure Storage | $49.90 | $61.89 | 24.03% | Buy |
| WDC | Western Digital | $65.29 | $78.17 | 19.73% | Buy |
| STX | Seagate Technology | $97.80 | $113.84 | 16.40% | Buy |
| HPQ | HP | $36.87 | $33.55 | -9.00% | Hold |
| NTAP | NetApp | $122.20 | $110.56 | -9.53% | Buy |
| DELL | Dell | $135.90 | $115.26 | -15.19% | Buy |
| ANET | Arista Networks | $377.70 | $235.35 | -37.69% | Buy |