NTAPTechnology · Software - InfrastructureThe 20 Wall Street analysts covering NetApp, Inc. hold a median 12-month price target of $197 — -14.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 99 of 100 as at 8 Oct 2026 — among the strongest tenth. The factors read stronger than the Street's target implies. That gap is the story on this page.
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 (100): 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 (6): 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 −14.7% from it.
Of the 20 most recent actions, 10 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 7 Oct 2026 | Evercore ISI Group | Upgrade | Outperform | $210 → $300 |
| 6 Oct 2026 | TD Cowen | Maintains | Buy | $200 → $250 |
| 2 Oct 2026 | Loop Capital | Maintains | Buy | $215 → $260 |
| 30 Sept 2026 | B of A Securities | Maintains | Neutral | $200 → $220 |
| 3 Sept 2026 | Barclays | Maintains | Overweight | $199 → $219 |
| 3 Sept 2026 | Barclays | Maintains | Overweight | — |
| 3 Sept 2026 | Citigroup | Maintains | Neutral | — |
| 3 Sept 2026 | Citigroup | Maintains | Neutral | $209 → $190 |
| 3 Sept 2026 | Morgan Stanley | Maintains | Equal-Weight | $173 → $191 |
| 3 Sept 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 3 Sept 2026 | Northland Capital Markets | Maintains | Outperform | — |
| 3 Sept 2026 | Northland Capital Markets | Maintains | Outperform | $171 → $187 |
| 3 Sept 2026 | Susquehanna | Maintains | Neutral | $185 → $195 |
| 3 Sept 2026 | Susquehanna | Maintains | Neutral | — |
| 3 Sept 2026 | TD Cowen | Reiterates | Buy | — |
| 3 Sept 2026 | TD Cowen | Reiterates | Buy | $200 |
| 3 Sept 2026 | UBS | Maintains | Neutral | — |
| 3 Sept 2026 | UBS | Maintains | Neutral | $160 → $171 |
| 3 Sept 2026 | Wedbush | Maintains | Neutral | — |
| 3 Sept 2026 | Wedbush | Maintains | Neutral | $150 → $170 |
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 8 Oct 2026, NetApp, Inc. returned +92.0% against +16.2% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
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 23% of US stocks
Cheaper than 20% of US stocks
Cheaper than 3% of US stocks
Cheaper than 14% of US stocks
Higher than 78% of US stocks
Higher than 78% of US stocks
Higher than 83% 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 69% 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 $45.4B and an enterprise value of $45.3B.
Revenue in the twelve months to 31 July 2026: $7.4B. The latest quarter grew 29.9% year on year.
Net income over the same four quarters: $1.4B, a 19.2% net margin.
Diluted earnings per share, trailing twelve months: $7.09.
Free cash flow in the twelve months to 31 July 2026: $1.6B.
NetApp, Inc. spent $850.0M on share buybacks and $411.0M on dividends in the twelve months to 31 July 2026.
Trailing P/E: 32.6×; forward P/E: 20.7× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.90%, paying out 29% of earnings.
NetApp, Inc. employs 11,700 people — $632K 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 →
The article describes earnings season as a hectic period when companies disclose what has occurred behind closed doors.
Why it matters — NTAP watchers may find this context relevant as companies share information during earnings season; the excerpt gives no NetApp-specific update.
NetApp (NTAP) closed at $231.22 in the latest trading session, down 1.93% from the prior day. The headline says the stock fell more steeply than the broader market.
Why it matters — NTAP watchers may note the stock’s daily decline and its underperformance relative to the broader market.
Schwab Network’s “The Big 3” features Jason Brown discussing Constellation Energy, NetApp and Ciena, which have drawn headlines in recent trading days. For Constellation Energy, Brown expects more deals linked to AI data center expansions.
Why it matters — NetApp is one of the three stocks discussed, although the excerpt provides no specific comments about the company.
NetApp shares rose 147.2% over six months, with the source citing AI-driven demand, all-flash growth and cloud expansion. It also flags premium valuation and margin risks.
Why it matters — These growth drivers and risks are key factors for NTAP watchers assessing the company’s recent rally.
The article highlights four dividend stocks with ex-dividend deadlines within 48 hours, including one whose eligibility ends at today’s close. It says the piece reviews yields, earnings coverage, and potential red flags.
Why it matters — The excerpt does not identify NetApp or establish a direct connection to NTAP, so it provides no company-specific development for watchers.
The 20 Wall Street analysts covering NetApp, Inc. have a median 12-month price target of $197, with estimates ranging from $170 to $260. 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 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 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 (100 of 100).
No one can know that. What the data says: the median 12-month target from 20 analysts implies -14.7% from the last close, and Ticker Nerd's factor model ranks NetApp, Inc. 99 out of 100 as at 8 Oct 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 $260 over the next 12 months.
NetApp, Inc. returned +92.0% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
NetApp, Inc. is an intelligent data infrastructure company that provides enterprise storage, data management software, and cloud operations solutions for organizations worldwide.
The most recent item we track (Zacks Investment Research, 9 Oct 2026): "The Importance Of Earnings Season". The article describes earnings season as a hectic period when companies disclose what has occurred behind closed doors.
NetApp, Inc. is an intelligent data infrastructure company that provides enterprise storage, data management software, and cloud operations solutions for organizations worldwide. NetApp’s core platform centers on ONTAP, its data management software and operating system, alongside storage systems and services designed to help customers store, protect, and access data across on-premises, hybrid cloud, and public cloud environments. The company serves enterprises, service providers, and government organizations with products for modernizing data centers, supporting cloud-connected workloads, and improving data resilience, backup, and disaster recovery. Its portfolio also includes cloud storage services and operational tools that help businesses manage data performance and governance across multiple environments. Headquartered in San Jose, California, NetApp plays a significant role in enterprise IT by enabling consistent data management across complex, distributed infrastructure.
CEO Mr. George Kurian · 11,700 employees · United States · https://www.netapp.com
