NTAP
Q3 2026 EPS Estimate
$2.11
Sep 2, 2026 · Reports after close
Revenue Estimate
$1.83B
FY2027E EPS$8.91
FY2028E EPS$9.84

Analyst Sentiment

Wall St. Consensus
Hold
21 analysts·High coverage
60
Score
10 Buy (48%)9 Hold (43%)2 Sell (9%)
Rating Breakdown
Strong Buy
00%
Buy
1048%
Hold
943%
Sell
210%
Strong Sell
00%

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

Price Target Expectations

Bear
$150.00
-27.1%
Consensus
$173.00
-15.9%
Bull
$200.00
-2.7%
12-Month Target Range21 analysts
$150.00$173.00$200.00
Current $205.65Consensus
Current Price
$205.65
Above Consensus
$32.65

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

Earnings & Revenue Estimates

Forward Growth Estimates (YoY)
FY2027
Rev+9.22%
EPS+11.60%
FY2028
Rev+5.46%
EPS+10.50%
FY2029
Rev+5.06%
EPS+6.90%
Raw consensus estimates (low / average / high) from covering analysts.
Annual
MetricFY2027EFY2028EFY2029E
Revenue Avg$7.48B$7.89B$8.29B
Low$7.44B$7.62B$8.10B
High$7.59B$8.32B$8.54B
EBITDA Avg$1.84B$1.94B$2.04B
Low$1.83B$1.87B$1.99B
High$1.87B$2.05B$2.10B
EBIT Avg$1.56B$1.65B$1.73B
Low$1.55B$1.59B$1.69B
High$1.59B$1.74B$1.78B
Net Income Avg$1.78B$1.90B$2.11B
Low$1.76B$1.83B$2.04B
High$1.80B$2.09B$2.18B
EPS Avg$8.91$9.84$10.52
Low$8.86$9.19$10.24
High$9.04$10.50$10.94
Analysts (Rev / EPS)14 / 1214 / 125 / 1
Quarterly
MetricQ4 2026Q1 2027Q2 2027Q3 2027Q4 2027Q1 2028Q2 2028Q3 2028
Revenue Avg$1.83B$1.84B$1.98B$1.85B$1.95B$1.98B$2.11B$1.93B
Low$1.78B$1.78B$1.92B$1.79B$1.89B$1.92B$2.04B$1.87B
High$1.88B$1.88B$2.03B$1.89B$2.00B$2.03B$2.16B$1.98B
EBITDA Avg$450M$451M$486M$455M$480M$488M$519M$475M
Low$438M$437M$471M$440M$465M$473M$503M$460M
High$463M$462M$498M$466M$491M$500M$532M$487M
EBIT Avg$383M$383M$413M$386M$408M$415M$441M$404M
Low$372M$372M$400M$374M$395M$402M$427M$391M
High$393M$393M$424M$396M$418M$425M$452M$414M
Net Income Avg$428M$439M$483M$434M$478M$501M$557M$458M
Low$404M$422M$464M$417M$458M$481M$534M$439M
High$455M$453M$499M$448M$493M$517M$575M$473M
EPS Avg$2.15$2.21$2.43$2.18$2.40$2.52$2.80$2.30
Low$2.03$2.12$2.33$2.09$2.30$2.42$2.69$2.21
High$2.29$2.28$2.51$2.25$2.48$2.60$2.89$2.37
Analysts (Rev / EPS)11 / 125 / 108 / 105 / 105 / 105 / 68 / 64 / 6

Earnings Surprises

Recent Analyst Actions

Aug 10, 2026Morgan Stanley
NetApp upgraded to Equal Weight at Morgan Stanley on server and storage spending
Target:$173.00
-8.7%from $189.52
Jun 2, 2026Goldman Sachs
NetApp price target raised to $200 from $127 at Goldman Sachs
Target:$200.00
+11.3%from $179.70
Jun 1, 2026Argus Research
NetApp (NTAP) PT Raised to $200 at Argus
Target:$200.00
+15.4%from $173.38
May 29, 2026UBS
NetApp price target raised to $160 from $113 at UBS
Target:$160.00
-12.7%from $183.21
May 29, 2026Northland Securities
NetApp price target raised to $171 from $137 at Northland
Target:$171.00
-5.5%from $180.97
May 29, 2026Wedbush
NetApp price target raised to $150 from $115 at Wedbush
Target:$150.00
-17.7%from $182.28
May 29, 2026Barclays
NetApp (NTAP) PT Raised to $199 at Barclays
Target:$199.00
+39.7%from $142.40
Jan 20, 2026Morgan Stanley
NetApp downgraded to Underweight from Equal Weight at Morgan Stanley
Target:$89.00
-14.3%from $103.81
Jan 13, 2026Goldman Sachs
NetApp initiated with a Buy at Goldman Sachs
Target:$128.00
+19.6%from $107.03
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, 2024Barclays
NetApp Analysts Boost Their Forecasts After Upbeat Earnings
Target:$119.00
-0.2%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, 2024J.P. Morgan
NetApp Analysts Boost Their Forecasts After Upbeat Earnings
Target:$147.00
+23.3%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
Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.