NTAP Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis and price prediction for NTAP for the next trading week:
Technical Analysis
The stock has shown a consolidation pattern around $124-125 level with decreasing volume, suggesting a potential breakout ahead. The recent price action indicates:
- Support level: $123.36
- Resistance level: $127.00
- Current trading below 5-day moving average
Fundamental Catalysts
- NetApp will report earnings on February 27, 2025
- Analysts expect EPS of $1.90, representing a -2.06% YoY decline
- Revenue forecast of $1.69B, indicating +5.16% YoY growth
Recent Analyst Actions
- Susquehanna downgraded to Neutral from Positive with PT $130 (from $155)
- BofA Securities upgraded to Neutral with $128 PT
- Key concern: Delayed Enterprise AI demand until 2026
Price Target Analysis
- Mean analyst PT: $140.20 (+17.3% upside potential)
- Street-high PT: $160 (+33.8% upside)
- Street-low PT: $130 (+8.3% upside)
Next Week Price Prediction Based on technical indicators and upcoming earnings catalyst:
- Bullish scenario (40% probability): $128-130
- Neutral scenario (45% probability): $122-126
- Bearish scenario (15% probability): $118-120
Trading Recommendation SELL with target entry at current levels ($124-125) Rationale:
- Earnings uncertainty and analyst downgrades
- Technical indicators showing weakness
- Enterprise AI catalyst delayed until 2026
- Set stop loss at $127 and first profit target at $120
NTAP Similar Chart Price Prediction
The price of NTAP is predicted to go up -15.34%, based on the high correlation periods with MIGI. The similarity of these two price pattern on the periods is 91.11%.
NTAP
MIGI
Down: -15.34%Similarity: 91.11%
NTAP Revenue Forecast
NTAP EPS Forecast
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NTAP Analyst's Forecast
Aaron Rakers
Wells Fargo
Hold
2025-02-20
Price Target
$140 → $130
Upside
+4.38%
Wells Fargo lowered the firm's price target on NetApp to $130 from $140 and keeps an Equal Weight rating on the shares. The firm recalibrates its model and slightly reduces estimates ahead of Q3 results. Wells continues to see a balanced risk/reward in shares.
Mehdi Hosseini
Susquehanna
Buy → Hold
2025-02-10
Price Target
$155 → $130
Upside
+5.67%
Meta Marshall
Morgan Stanley
Hold
2024-12-17
Price Target
$132 → $146
Upside
+19.19%
