NetApp (NTAP) Stock Forecast & Price Target

$123.45 +1.25 (+1.02%)

(As of 11/20/2024 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

Sell
1

Hold
11

Buy
5

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

$129.06
4.55% Upside

According to the 17 analysts' twelve-month price targets for NetApp, the average price target is $129.06. The highest price target for NTAP is $155.00, while the lowest price target for NTAP is $83.00. The average price target represents a forecasted upside of 4.55% from the current price of $123.45.

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NTAP Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
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)	8 Buy rating(s)
Hold	11 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$129.06	$129.06	$122.67	$77.84
Forecasted Upside	4.55% Upside	7.78% Upside	-7.85% Downside	-0.19% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.55% Upside	552.66% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent NTAP 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
11/13/2024	Oppenheimer 3 of 5 stars		Initiated Coverage	Market Perform
9/3/2024	Loop Capital 2 of 5 stars	A. Baruah Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$121.00 ➝ $150.00	+24.25%
8/29/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$138.00 ➝ $140.00	+14.57%
8/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$116.00 ➝ $119.00	-6.29%
8/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$146.00 ➝ $147.00	+15.76%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$105.00 ➝ $110.00	-16.61%
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.
8/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$121.00 ➝ $134.00	+1.58%
8/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$120.00 ➝ $120.00	-9.26%
8/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$155.00 ➝ $155.00	+16.02%
8/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$120.00 ➝ $130.00	+0.40%
8/12/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$120.00 ➝ $130.00	+5.53%
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%
6/5/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$130.00 ➝ $140.00	+15.98%
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%
2/23/2023	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:49 AM ET.

NTAP Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for NetApp is $129.06, with a high forecast of $155.00 and a low forecast of $83.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetApp in the last twelve months. There is currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.
: According to analysts, NetApp's stock has a predicted upside of 4.55% based on their 12-month stock forecasts.
: Over the previous 90 days, NetApp's stock had 1 upgrade by analysts.
: NetApp has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Loop Capital, Oppenheimer, Stifel Nicolaus, Susquehanna, UBS Group, and Wedbush in the past 90 days.
: 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.

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This page (NASDAQ:NTAP) was last updated on 11/21/2024 by MarketBeat.com Staff

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NetApp (NTAP) Stock Forecast & Price Target