NTAP Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q3

FY2026Q4

FY2027Q1

1.70B

+3.68%

2.069

+8.3%

1.80B

+3.88%

2.248

+16.45%

1.65B

+5.92%

1.862

+20.11%

Estimates Revision

The market is revising Upward the revenue expectations for NetApp, Inc. (NTAP) for FY2026, with the revenue forecasts being adjusted by 0.02% over the past three months. During the same period, the stock price has changed by -12.40%.

Revenue Estimates for FY2026

Revise Upward

+0.02%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+1.81%

In Past 3 Month

Stock Price

Go Down

-12.40%

In Past 3 Month

17 Analyst Rating

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 122.67 USD with a low forecast of 110.00 USD and a high forecast of 137.00 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.

4 Buy

13 Hold

0 Sell

Hold

Current: 0.000

Low

110.00

Averages

122.67

High

137.00

Current: 0.000

Low

110.00

Averages

122.67

High

137.00

Northland

Market Perform -> Outperform

upgrade

$120 -> $137

2025-11-26

Reason

Northland

Price Target

$120 -> $137

2025-11-26

upgrade

Market Perform -> Outperform

Reason

Northland upgraded NetApp to Outperform from Market Perform with a price target of $137, up from $120.

UBS

David Vogt

Neutral

maintain

$114 -> $120

2025-11-26

Reason

UBS

David Vogt

Price Target

$114 -> $120

2025-11-26

maintain

Neutral

Reason

UBS analyst David Vogt raised the firm's price target on NetApp to $120 from $114 and keeps a Neutral rating on the shares. Margins were the stand-out in the quarter while the demand backdrop was in-line with expectations, the analyst tells investors in a research note.

Northland

Market Perform -> Outperform

upgrade

$120 -> $137

2025-11-26

Reason

Northland

Price Target

$120 -> $137

2025-11-26

upgrade

Market Perform -> Outperform

Reason

As previously reported, Northland upgraded NetApp to Outperform from Market Perform with a price target of $137, up from $120, after the company reported revenue growth excluding divested Spot accelerated to 4% year-over-year in fiscal Q2 and guided to accelerate to 5% in the second half of FY26. The firm sees incremental evidence that higher growth rates for Public Cloud Services and All Flash are incremental, not cannibalistic to hybrid, driving its raised revenue growth rates, the analyst tells investors.

Barclays

Overweight

maintain

$125 -> $134

2025-11-26

Reason

Barclays

Price Target

$125 -> $134

2025-11-26

maintain

Overweight

Reason

Barclays raised the firm's price target on NetApp to $134 from $125 and keeps an Overweight rating on the shares. The company reported a solid earnings beat with gross margins 150 points above Barclays' estimate, the analyst tells investors in a research note. The firm says NetApp's all flash array products were strong while public cloud continues to post high-teens growth.

BofA

Neutral

maintain

$125 -> $129

2025-11-26

Reason

BofA

Price Target

$125 -> $129

2025-11-26

maintain

Neutral

Reason

BofA raised the firm's price target on NetApp to $129 from $125 and keeps a Neutral rating on the shares following a "solid" fiscal Q2 report that featured a beat on revenues, gross margins, operating margins and EPS guidance. While NetApp continues to see strong demand for its AI solutions as well as first party and marketplace cloud storage services and all-flash offerings, the firm reiterates a Neutral rating as headwinds from broader macro uncertainty are offset by somewhat stronger overall margins.

Wells Fargo

Equal Weight

maintain

$100 -> $115

2025-11-26

Reason

Wells Fargo

Price Target

$100 -> $115

2025-11-26

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on NetApp to $115 from $100 and keeps an Equal Weight rating on the shares. The firm notes the company reported solid results relative to what it believes has been a tempered investor sentiment backdrop. Focus on product gross margin sustainability with viability through FYE was offset by positive mix, Wells adds.

Valuation Metrics

The current forward P/E ratio for NetApp Inc (NTAP.O) is 12.80, compared to its 5-year average forward P/E of 14.44. 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.

5Y Average PE

14.44

Current PE

12.80

Overvalued PE

16.64

Undervalued PE

12.24

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.

5Y Average EV/EBITDA

9.75

Current EV/EBITDA

9.00

Overvalued EV/EBITDA

11.12

Undervalued EV/EBITDA

8.38

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.

5Y Average PS

2.90

Current PS

3.04

Overvalued PS

3.42

Undervalued PS

2.39

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

NTAP News & Events

Events Timeline

No data

News

9.5

2025-12-23Benzinga

NetApp Reports Q2 Earnings Beat, Raises FY26 Adjusted EPS Guidance

6.5

2025-12-23CNBC

Rubrik Recommended for Ownership Amid Positive Trajectory

8.0

2025-12-16NASDAQ.COM

Seagate's Strategy for Returning Value to Shareholders Reflects Confidence in Business

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Frequently Asked Questions

What is NetApp Inc (NTAP) stock price today?

The current price of NTAP is 105.39 USD — it has decreased -0.15 % in the last trading day.

What is NetApp Inc (NTAP)'s business?

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.

What is the price predicton of NTAP Stock?

What is NetApp Inc (NTAP)'s revenue for the last quarter?

NetApp Inc revenue for the last quarter amounts to 1.71B USD, increased 2.83 % YoY.

What is NetApp Inc (NTAP)'s earnings per share (EPS) for the last quarter?

NetApp Inc. EPS for the last quarter amounts to 1.51 USD, increased 6.34 % YoY.

What changes have occurred in the market's expectations for NetApp Inc (NTAP)'s fundamentals?

How many employees does NetApp Inc (NTAP). have?

NetApp Inc (NTAP) has 11700 emplpoyees as of January 10 2026.

What is NetApp Inc (NTAP) market cap?

Today NTAP has the market capitalization of 20.87B USD.