NTAPTechnology · Software - InfrastructureThe 20 Wall Street analysts covering NetApp, Inc. hold a median 12-month price target of $195 — +5.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 99 of 100 as at 5 Sept 2026 — among the strongest tenth. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores NetApp, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (99): Analysts have, on balance, been raising their forecasts.
Accruals (53): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Size (7): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on NTAP, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +5.1% from it.
Of the 20 most recent actions, 13 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 3 Sept 2026 | Barclays | Maintains | Overweight | $199 → $219 |
| 3 Sept 2026 | Citigroup | Maintains | Neutral | $209 → $190 |
| 3 Sept 2026 | Morgan Stanley | Maintains | Equal-Weight | $173 → $191 |
| 3 Sept 2026 | Northland Capital Markets | Maintains | Outperform | $171 → $187 |
| 3 Sept 2026 | Susquehanna | Maintains | Neutral | $185 → $195 |
| 3 Sept 2026 | TD Cowen | Reiterates | Buy | $200 |
| 3 Sept 2026 | UBS | Maintains | Neutral | $160 → $171 |
| 3 Sept 2026 | Wedbush | Maintains | Neutral | $150 → $170 |
| 3 Sept 2026 | Wells Fargo | Maintains | Equal-Weight | $180 → $190 |
| 31 Aug 2026 | B of A Securities | Maintains | Neutral | $180 → $206 |
| 24 Aug 2026 | Evercore ISI Group | Maintains | In-Line | $170 → $210 |
| 24 Aug 2026 | Evercore ISI Group | Maintains | In-Line | — |
| 18 Aug 2026 | Citigroup | Maintains | Neutral | $150 → $209 |
| 18 Aug 2026 | Citigroup | Maintains | Neutral | — |
| 10 Aug 2026 | Morgan Stanley | Upgrade | Equal-Weight | — |
| 10 Aug 2026 | Morgan Stanley | Upgrade | Equal-Weight | $137 → $173 |
| 1 June 2026 | Argus Research | Maintains | Buy | $130 → $200 |
| 1 June 2026 | Argus Research | Maintains | Buy | — |
| 29 May 2026 | B of A Securities | Maintains | Neutral | — |
| 29 May 2026 | B of A Securities | Maintains | Neutral | $125 → $150 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. NTAP appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Sept 2026, NetApp, Inc. returned +58.8% against +20.0% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 30% of US stocks
Cheaper than 25% of US stocks
Cheaper than 4% of US stocks
Cheaper than 20% of US stocks
Higher than 78% of US stocks
Higher than 78% of US stocks
Higher than 82% of US stocks
Higher than 85% of US stocks
Higher than 82% of US stocks
Higher than 97% of US stocks
Higher than 94% of US stocks
Higher than 26% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
NetApp, Inc. has a market value of $36.4B and an enterprise value of $35.4B.
Revenue in the twelve months to 30 Apr 2026: $6.9B. The latest quarter grew 29.9% year on year.
Net income over the same four quarters: $1.3B, a 18.4% net margin.
Diluted earnings per share, trailing twelve months: $6.36.
Free cash flow in the twelve months to 30 Apr 2026: $1.9B, after $198.0M of capital spending.
NetApp, Inc. spent $950.0M on share buybacks and $413.0M on dividends in the twelve months to 30 Apr 2026.
Trailing P/E: 26.3×; forward P/E: 17.0× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.12%, paying out 29% of earnings.
NetApp, Inc. employs 11,700 people — $592K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own NetApp, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
NetApp delivered a fiscal first-quarter earnings beat and raised its 2027 outlook, with the report highlighting demand for AI storage, record flash and cloud sales, and the margin test ahead.
Why it matters — NTAP watchers would care because the quarterly beat and guidance raise signal growing AI-related storage demand and expanding flash and cloud sales.
NetApp enters fiscal 2027 with stronger demand across AI, flash and cloud, according to Zacks Investment Research. The report also notes that a premium valuation and margin pressure leave limited room for execution missteps.
Why it matters — NetApp watchers would care because the report highlights both the expected demand strength in AI, flash and cloud along with valuation and margin risks that may weigh on the stock's outlook.
NetApp's stock has risen 14.8% over the past three months, supported by record all-flash growth, increasing AI deal sizes, and a higher fiscal 2027 outlook. Margin risks are noted as building even as the company shows momentum.
Why it matters — NTAP watchers would care because the stock's recent gains are tied to all-flash and AI momentum and a raised fiscal 2027 outlook, though mounting margin risks remain a point to follow.
Zacks Investment Research highlights Ciena and NetApp as AI-driven tech stocks worth attention following record earnings reports this week, noting that investors should not overlook these companies despite the focus on mega-cap AI names.
Why it matters — NetApp watchers may find the article relevant because it draws positive attention to the company's record earnings and positions NTAP as a notable AI-driven opportunity beyond the mega-cap leaders.
NetApp reported record first-quarter fiscal 2027 results, beating estimates on the strength of its Hybrid and Public Cloud business. Growth was driven by AI demand and modernization efforts, according to the Zacks Investment Research report.
Why it matters — NetApp watchers would care because the record quarterly results and beat signal continued momentum in its hybrid and public cloud segments amid rising AI demand.
The 20 Wall Street analysts covering NetApp, Inc. have a median 12-month price target of $195, with estimates ranging from $170 to $219. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 20 analysts covering NetApp, Inc., 8 rate it a Buy, 12 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks NetApp, Inc. 99 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 5 Sept 2026, NetApp, Inc. ranks 99 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (99 of 100).
No one can know that. What the data says: the median 12-month target from 20 analysts implies +5.1% from the last close, and Ticker Nerd's factor model ranks NetApp, Inc. 99 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering NetApp, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NTAP are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $170 to $219 over the next 12 months.
NetApp, Inc. returned +58.8% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
NetApp Inc. is an intelligent data infrastructure company that provides enterprise software, storage systems, and cloud data services to help organizations store, manage, protect, and activate data across hybrid and multicloud environments.
The most recent item we track (Zacks Investment Research, 7 Sept 2026): "NetApp Q1 Beat and Raised Guidance Put AI Storage Growth in Focus". NetApp delivered a fiscal first-quarter earnings beat and raised its 2027 outlook, with the report highlighting demand for AI storage, record flash and cloud sales, and the margin test ahead.
NetApp Inc. is an intelligent data infrastructure company that provides enterprise software, storage systems, and cloud data services to help organizations store, manage, protect, and activate data across hybrid and multicloud environments. Its portfolio centers on the ONTAP data management platform and related offerings for all-flash storage, block storage, object storage, data protection, and workload optimization. NetApp also delivers cloud-integrated services that support major enterprise applications and data workloads across on-premises infrastructure and public cloud platforms. The company serves customers in industries such as financial services, healthcare, manufacturing, government, and technology, where secure, scalable, and efficient data management is critical. Based in San Jose, California and founded in 1992, NetApp plays a significant role in modern enterprise data infrastructure by combining storage, software, and cloud capabilities into a unified platform.
CEO Mr. George Kurian · 11,700 employees · United States · https://www.netapp.com
