NetApp (NTAP) Stock Forecast & Price Target

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$100.14

-0.77 (-0.76%)

(As of 04/18/2024 ET)

NetApp Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 17 Analyst Ratings

Analysts' Consensus Price Target

$97.94
-2.20% Downside

High Forecast	$130.00
Average Forecast	$97.94
Low Forecast	$58.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	9 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$97.94	$97.94	$84.50	$74.24
Predicted Upside	-2.20% Downside	10.14% Upside	8.11% Upside	8.77% Upside

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NTAP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NTAP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NetApp Stock vs. The Competition

Type	NetApp	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.18	2.58	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-2.20% Downside	112.04% Upside	12.32% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$90.00 ➝ $110.00	+7.26%
3/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$130.00	+23.45%
3/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$93.00 ➝ $96.00	-12.69%
3/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$87.00 ➝ $95.00	-14.23%
3/1/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $100.00	+12.21%
3/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$105.00 ➝ $120.00	+34.65%
Get the Latest News and Ratings for NTAP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for NetApp and its competitors with MarketBeat's FREE daily newsletter.
3/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$80.00 ➝ $100.00	+12.21%
3/1/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$95.00 ➝ $105.00	+17.82%
3/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$100.00 ➝ $120.00	+34.65%
1/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
11/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$74.00 ➝ $84.00	-6.45%
11/29/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $86.00	+10.10%
11/29/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$100.00	+28.02%
9/18/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/5/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Positive	$62.00 ➝ $100.00	+28.87%
8/21/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $80.00	+6.23%
4/20/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$70.00 ➝ $58.00	-12.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:43 AM ET.

NTAP Price Target - Frequently Asked Questions

What is NetApp's consensus rating and price target?: According to the issued ratings of 17 analysts in the last year, the consensus rating for NetApp stock is Hold based on the current 2 sell ratings, 10 hold ratings and 5 buy ratings for NTAP. The average twelve-month price prediction for NetApp is $97.94 with a high price target of $130.00 and a low price target of $58.00. Learn more on NTAP's analyst rating history.
Do Wall Street analysts like NetApp more than its competitors?: Analysts like NetApp less than other Computer and Technology companies. The consensus rating for NetApp is Hold while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how NTAP compares to other companies.
Is NetApp being upgraded by Wall Street analysts?: Over the previous 90 days, NetApp's stock had 1 upgrade by analysts.

Does NetApp's stock price have much upside?: According to analysts, NetApp's stock has a predicted upside of 10.14% based on their 12-month stock forecasts.
What analysts cover NetApp?: NetApp has been rated by Argus, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., Stifel Nicolaus, TD Cowen, UBS Group, and Wedbush in the past 90 days.

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This page (NASDAQ:NTAP) was last updated on 4/19/2024 by MarketBeat.com Staff

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NetApp (NTAP) Stock Forecast & Price Target

NetApp Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

NTAP Analyst Ratings By Month

NTAP Price Targets by Month

NetApp Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

NTAP Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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