NetApp, Inc.NTAPNASDAQ
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Analyst Sentiment

Analysts lean bullish — 53% recommend buying.

Consensus Rating
Buy
19 analysts·Moderate coverage
53%
Rating Distribution
Strong Buy
00%
Buy
1053%
Hold
947%
Sell
00%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see moderate upside — consensus target 18% higher.

Bear Case
$115.00
+9%
Base Case
$124.60
+18%
Bull Case
$137.00
+30%
Price Range19 analysts
Low
Consensus
High
$115.00
$137.00
Current Target
Current Price
$105.39
Upside to Target
$19.21

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$7.91(12 analysts)
P/E18x
Current: 17.8x
Actual
Estimate
Range (Low–High)
Stock Alarm Pro
Forward Growth Estimates (YoY)
FY2027
Rev+4.79%
EPS+8.07%
FY2028
Rev+5.10%
EPS+6.59%

Earnings Surprises

Beat rate:92%(11/12 quarters)
Avg surprise:+6.5%
Beat
Miss
Inline
Estimate
Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Nov 26, 2025UBS
NetApp price target raised to $120 from $114 at UBS
Target:$120.00
+7.6%from $111.48
Nov 26, 2025Northland Securities
NetApp upgraded to Outperform from Market Perform at Northland
Target:$137.00
+22.9%from $111.48
Nov 26, 2025Wells Fargo
NetApp price target raised to $115 from $100 at Wells Fargo
Target:$115.00
+3.2%from $111.48
Nov 26, 2025Barclays
NetApp price target raised to $134 from $125 at Barclays
Target:$134.00
+19.2%from $112.38
Aug 28, 2025Northland Securities
NetApp price target raised to $120 from $119 at Northland
Target:$120.00
+2.4%from $117.22
Aug 28, 2025Morgan Stanley
NetApp price target raised to $117 from $115 at Morgan Stanley
Target:$117.00
+1.6%from $115.12
Aug 28, 2025UBS
NetApp price target raised to $114 from $108 at UBS
Target:$114.00
-2.7%from $117.22
May 20, 2025Morgan Stanley
NetApp price target raised to $106 from $84 at Morgan Stanley
Target:$106.00
+4.9%from $101.06
Mar 4, 2025Loop Capital Markets
NetApp price target lowered to $130 from $150 at Loop Capital
Target:$130.00
+38.9%from $93.56
Sep 3, 2024Wells Fargo
This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday
Target:$65.00
-46.7%from $121.86
Sep 3, 2024Loop Capital Markets
Loop Capital Upgrades NetApp (NTAP) to Buy
Target:$150.00
+25.5%from $119.48
Aug 29, 2024J.P. Morgan
NetApp Analysts Boost Their Forecasts After Upbeat Earnings
Target:$147.00
+23.3%from $119.20
Aug 29, 2024Stifel Nicolaus
NetApp Analysts Boost Their Forecasts After Upbeat Earnings
Target:$140.00
+17.4%from $119.20
Aug 29, 2024Barclays
NetApp Analysts Boost Their Forecasts After Upbeat Earnings
Target:$119.00
-0.2%from $119.20
Aug 28, 2024Morgan Stanley
NetApp Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Target:$127.00
-3.7%from $131.91
Aug 15, 2024Citigroup
NetApp (NTAP) PT Raised to $130 at Citi
Target:$130.00
+2.3%from $127.11
Jun 12, 2024Stifel Nicolaus
NetApp (NTAP) PT Raised to $138 at Stifel
Target:$138.00
+10.0%from $125.47
Jun 12, 2024Susquehanna
NetApp (NTAP) PT Raised to $155 at Susquehanna
Target:$155.00
+23.5%from $125.47
Jun 12, 2024Wells Fargo
NetApp price target raised to $135 from $120 at Wells Fargo
Target:$135.00
+7.6%from $125.47
Jun 5, 2024Argus Research
NetApp (NTAP) PT Raised to $140 at Argus
Target:$140.00
+15.2%from $121.51
Jun 3, 2024Wedbush
This Analyst With 85% Accuracy Rate Sees Over 29% Upside In MongoDB - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Target:$120.00
+2.8%from $116.71
May 31, 2024Stifel Nicolaus
NetApp price target raised to $130 from $120 at Stifel
Target:$130.00
+11.6%from $116.50
May 31, 2024Evercore ISI
NetApp (NTAP) PT Raised to $120 at Evercore ISI
Target:$120.00
+3.0%from $116.50
May 22, 2024Susquehanna
NetApp (NTAP) PT Raised to $130 at Susquehanna
Target:$130.00
+14.7%from $113.34
Nov 29, 2023Barclays
Micron To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday
Target:$87.20
-2.5%from $89.41