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NetApp (NTAP) Stock Forecast & Price Target

$119.50
+2.00 (+1.70%)
(As of 09:00 AM 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

Consensus Price Target

$105.69
-11.56% Downside
High Forecast$130.00
Average Forecast$105.69
Low Forecast$80.00
TypeCurrent Forecast
5/31/23 to 5/30/24
1 Month Ago
5/1/23 to 4/30/24
3 Months Ago
3/2/23 to 3/1/24
1 Year Ago
5/31/22 to 5/31/23
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)
10 Hold rating(s)
10 Hold rating(s)
Sell
2 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$105.69$100.60$94.47$74.24
Forecasted Upside-11.56% Downside11.17% Upside8.65% Upside8.77% 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.
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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.
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NetApp Stock vs. The Competition

TypeNetAppComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.18
2.58
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside-11.56% Downside191.66% Upside12.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/29/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$85.00 ➝ $100.00-15.26%
5/28/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$100.00 ➝ $120.00+1.89%
5/23/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$92.00 ➝ $106.00-8.34%
5/22/2024Susquehanna
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 Boost TargetPositive ➝ Positive$115.00 ➝ $130.00+14.29%
5/21/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$110.00 ➝ $120.00+6.45%
3/4/2024Argus
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 UpgradeHold ➝ Buy$130.00+23.45%
3/1/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$93.00 ➝ $96.00-12.69%
3/1/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$87.00 ➝ $95.00-14.23%
3/1/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$105.00 ➝ $120.00+34.65%
3/1/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $100.00+12.21%
3/1/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$95.00 ➝ $105.00+17.82%
3/1/2024TD Cowen
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 Boost TargetOutperform ➝ Outperform$100.00 ➝ $120.00+34.65%
1/16/2024Raymond James
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 Reiterated RatingOutperform ➝ Market Perform
11/29/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$72.00 ➝ $86.00+10.10%
11/29/2023Northland Securities
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 DowngradeOutperform ➝ Market Perform$100.00+28.02%
9/18/2023William Blair
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J. Ader
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DowngradeOutperform ➝ Market Perform
8/21/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$75.00 ➝ $80.00+6.23%
2/27/2023Loop Capital
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 Lower TargetHold$67.00 ➝ $65.00-0.58%
2/23/2023Credit Suisse Group
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 DowngradeOutperform ➝ Neutral
11/30/2022Susquehanna Bancshares
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 Lower TargetNeutral$75.00 ➝ $65.00-9.46%
11/30/2022Cowen
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 Lower TargetOutperform$93.00 ➝ $80.00+11.44%
10/31/2022Jefferies Financial Group
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 Initiated CoverageBuy$88.00+26.80%
8/25/2022The Goldman Sachs Group
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 Boost TargetSell$60.00 ➝ $68.00-6.62%
7/26/2022OTR Global
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 UpgradePositive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:43 AM ET.

NTAP Frequently Asked Questions

What is NetApp's stock forecast and purchase recommendation?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for NetApp is $105.69, with a high forecast of $130.00 and a low forecast of $80.00. The consensus rating for NetApp stock is Hold based on the current 2 sell ratings, 10 hold ratings and 5 buy ratings for NTAP. 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 7.00% based on their 12-month stock forecasts.

What analysts cover NetApp?

NetApp has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Stifel Nicolaus, Susquehanna, TD Cowen, UBS Group, and Wedbush in the past 90 days.


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This page (NASDAQ:NTAP) was last updated on 5/30/2024 by MarketBeat.com Staff

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