NTAP

NetApp Inc

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Advanced Chart

104.750

+0.09(0.086%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

105.000

Open

104.860

VWAP

104.86

Vol

113.61K

Mkt Cap

20.97B

Low

104.4095

Amount

11.91M

EV/EBITDA(TTM)

12.35

Total Shares

205.80M

20.60B

EV/OCF(TTM)

13.68

P/S(TTM)

3.37

NetApp, Inc. is an intelligent data infrastructure company combining unified data storage, integrated data, operational and workload services. It creates silo-free infrastructure, harnessing observability and AI to enable data management. Its operational and workload services provide continuous optimization of performance and efficiency for infrastructure and workloads through observability and AI. Its Hybrid Cloud segment provides a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Its Public Cloud segment offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services and operational services. These solutions and services are available in the public clouds, including Amazon AWS, Microsoft Azure, and Google Cloud.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q3

FY2026Q2

FY2026Q1

1.72B

+4.56%

2.067

+8.2%

1.68B

+1.27%

1.871

+0.05%

1.54B

-0.21%

1.538

-1.43%

Estimates Revision

The market is revising Downward the revenue expectations for NetApp, Inc. (NTAP) for FY2026, with the revenue forecasts being adjusted by -1.44% over the past three months. During the same period, the stock price has changed by 18.43%.

Revenue Estimates for FY2026

Revise Downward

-1.44%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+0.44%

In Past 3 Month

Stock Price

Go Up

+18.43%

In Past 3 Month

14 Analyst Rating

7.08% Upside

Wall Street analysts forecast NTAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTAP is 112.17 USD with a low forecast of 100.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

11 Hold

0 Sell

Hold

7.08% Upside

Current: 104.750

Low

100.00

Averages

112.17

High

130.00

7.08% Upside

Current: 104.750

Low

100.00

Averages

112.17

High

130.00

JPMorgan

NULL -> Overweight

maintain

$115 -> $130

2025-07-17

Reason

JPMorgan

Price Target

$115 -> $130

2025-07-17

maintain

NULL -> Overweight

Reason

JPMorgan raised the firm's price target on NetApp to $130 from $115 and keeps an Overweight rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from "robust" cloud spending. However, underlying end market drivers for other customer verticals "remain a watchpoint" as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.

Citi

Neutral

maintain

$105 -> $110

2025-06-01

Reason

Citi

Price Target

$105 -> $110

2025-06-01

maintain

Neutral

Reason

Citi raised the firm's price target on NetApp to $110 from $105 and keeps a Neutral rating on the shares. The company's fiscal Q4 sales reflected traction of its refreshed systems portfolio, while earnings beat on operating leverage, the analyst tells investors in a research note. The firm believes NetApp is well positioned within enterprise artificial intelligence market.

Barclays

Overweight

maintain

$115 -> $117

2025-05-30

Reason

Barclays

Price Target

$115 -> $117

2025-05-30

maintain

Overweight

Reason

Wells Fargo

Equal Weight

downgrade

$115 -> $100

2025-05-30

Reason

Wells Fargo

Price Target

$115 -> $100

2025-05-30

downgrade

Equal Weight

Reason

Wells Fargo lowered the firm's price target on NetApp to $100 from $115 and keeps an Equal Weight rating on the shares. While the firm finds NetApp's valuation as somewhat de-risked at 12-turns its new 2026 EPS estimate, Wells remains on the sidelines as it expects shares to keep being range-bound until more visible signs of high-single-digit-plus revenue growth materializes.

BofA

Wamsi Mohan

Neutral

maintain

$120 -> $121

2025-05-30

Reason

BofA

Wamsi Mohan

Price Target

$120 -> $121

2025-05-30

maintain

Neutral

Reason

JPMorgan

Overweight

downgrade

$120 -> $115

2025-05-30

Reason

JPMorgan

Price Target

$120 -> $115

2025-05-30

downgrade

Overweight

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for NetApp Inc (NTAP.O) is 13.64, compared to its 5-year average forward P/E of 14.31. For a more detailed relative valuation and DCF analysis to assess NetApp Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

14.31

Current PE

13.64

Overvalued PE

16.61

Undervalued PE

12.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

9.57

Current EV/EBITDA

9.48

Overvalued EV/EBITDA

11.07

Undervalued EV/EBITDA

8.07

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.78

Current PS

3.14

Overvalued PS

3.35

Undervalued PS

2.21