NetApp (NTAP) Stock Forecast & Price Target

$126.15

+0.59 (+0.47%)

(As of 07/26/2024 ET)

NetApp - Analysts' Recommendations 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.

Consensus Rating

Hold
Based on 17 Analyst Ratings

Based on 17 Wall Street analysts who have issued ratings for NetApp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 1 has given a sell rating, 11 have given a hold rating, and 5 have given a buy rating for NTAP.

Consensus Price Target

$117.81
-6.61% Downside

High Forecast	$155.00
Average Forecast	$117.81
Low Forecast	$80.00

According to the 17 analysts' twelve-month price targets for NetApp, the average price target is $117.81. The highest price target for NTAP is $155.00, while the lowest price target for NTAP is $80.00. The average price target represents a forecasted downside of -6.61% from the current price of $126.15.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	5 Buy rating(s)	6 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$117.81	$117.81	$100.60	$74.71
Forecasted Upside	-6.61% Downside	5.42% Upside	11.17% Upside	7.33% Upside

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NTAP Analyst Recommendations 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	2.24	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-6.61% Downside	554.01% Upside	9.15% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
6/12/2024	Wedbush 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$120.00 ➝ $120.00	-5.99%
6/12/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$130.00 ➝ $138.00	+9.99%
6/12/2024	Susquehanna 2 of 5 stars		Boost Target	Positive ➝ Positive	$138.00 ➝ $155.00	+23.54%
6/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$120.00 ➝ $135.00	+7.60%
6/12/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $145.00	+15.57%
6/12/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$106.00 ➝ $127.00	+1.22%
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.
6/5/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$130.00 ➝ $140.00	+15.98%
5/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $116.00	-1.52%
5/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$95.00 ➝ $125.00	+7.30%
5/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$85.00 ➝ $100.00	-15.26%
5/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $120.00	+6.45%
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	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$95.00 ➝ $105.00	+17.82%
1/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
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
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%
2/27/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$67.00 ➝ $65.00	-0.58%
2/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
11/30/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$75.00 ➝ $65.00	-9.46%
11/30/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$93.00 ➝ $80.00	+11.44%
10/31/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$88.00	+26.80%
8/25/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$60.00 ➝ $68.00	-6.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:01 AM ET.

NTAP Forecast - Frequently Asked Questions

What is NetApp's forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for NetApp is $117.81, with a high forecast of $155.00 and a low forecast of $80.00.
Should I buy or sell NetApp stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last year. There is currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NTAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTAP, but not buy additional shares or sell existing shares.
Does NetApp's stock price have much upside?: According to analysts, NetApp's stock has a predicted upside of 5.42% based on their 12-month stock forecasts.
Has NetApp been upgraded by Wall Street analysts recently?: Over the previous 90 days, NetApp's stock had 1 upgrade by analysts.
What analysts cover NetApp?: NetApp has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, JPMorgan Chase & Co., Morgan Stanley, Stifel Nicolaus, Susquehanna, TD Cowen, Wedbush, and Wells Fargo & Company in the past 90 days.
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.