NTAPTechnology · Software - InfrastructureThe 21 Wall Street analysts covering NetApp, Inc. hold a median 12-month price target of $197 — -1.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 99 of 100 as at 31 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 (54): 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 systematic trader with 15+ 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 −1.1% from it.
Of the 20 most recent actions, 8 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 26 Oct 2026 | Guggenheim | Initiates | Neutral | — |
| 14 Oct 2026 | Barclays | Downgrade | Equal-Weight | $219 |
| 14 Oct 2026 | Barclays | Downgrade | Equal-Weight | — |
| 7 Oct 2026 | Evercore ISI Group | Upgrade | Outperform | $210 → $300 |
| 7 Oct 2026 | Evercore ISI Group | Upgrade | Outperform | — |
| 6 Oct 2026 | TD Cowen | Maintains | Buy | $200 → $250 |
| 6 Oct 2026 | TD Cowen | Maintains | Buy | — |
| 2 Oct 2026 | Loop Capital | Maintains | Buy | $215 → $260 |
| 2 Oct 2026 | Loop Capital | Maintains | Buy | — |
| 30 Sept 2026 | B of A Securities | Maintains | Neutral | $200 → $220 |
| 30 Sept 2026 | B of A Securities | Maintains | Neutral | — |
| 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 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
NTAP is one of 19 companies in AI networking and servers, the part the free map shows in full.
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Data centre power
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 30 Oct 2026, NetApp, Inc. returned +75.1% against +12.4% 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 27% of US stocks
Cheaper than 22% of US stocks
Cheaper than 4% of US stocks
Cheaper than 17% of US stocks
Higher than 78% of US stocks
Higher than 77% 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 71% 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 $39.1B and an enterprise value of $38.1B.
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: 28.1×; forward P/E: 17.8× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.04%, 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 →
Zacks compares Quantum Corporation and NetApp as data-storage companies serving enterprises facing growing data volumes and changing infrastructure needs. The excerpt highlights Quantum’s ActiveScale and tape storage portfolio.
Why it matters — The comparison places NetApp alongside a peer in the data-storage industry, but the excerpt provides no specific assessment of NetApp.
Zacks Investment Research reports that NetApp has recently drawn close attention from users of Zacks.com. The item says this attention makes the company’s stock worth examining.
Why it matters — NTAP watchers may note the recent increase in user attention highlighted by Zacks.
NetApp closed the most recent trading session at $227.70, up 2.53% from the previous trading day, according to Zacks Investment Research.
Why it matters — The session’s reported change provides NTAP watchers with a snapshot of the stock’s recent trading performance.
NetApp reported that improved pricing and robust AI-driven demand fueled 30% revenue growth in fiscal Q1. The company raised its annual outlook despite rising component costs.
Why it matters — Pricing gains and AI-driven demand are supporting revenue growth and the higher annual outlook, while rising component costs remain a factor for NTAP watchers.
Zacks Investment Research compares NetApp and IBM, noting that both are benefiting from AI-driven enterprise storage demand. It highlights differences in growth, valuation, and earnings estimates as factors in the comparison.
Why it matters — NTAP watchers may find the comparison useful for understanding how NetApp’s growth, valuation, and earnings estimates are being assessed against IBM’s.
The 21 Wall Street analysts covering NetApp, Inc. have a median 12-month price target of $197, with estimates ranging from $170 to $300. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 21 analysts covering NetApp, Inc., 8 rate it a Buy, 13 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 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 31 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 21 analysts implies -1.1% from the last close, and Ticker Nerd's factor model ranks NetApp, Inc. 99 out of 100 as at 31 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 $300 over the next 12 months.
NetApp, Inc. returned +75.1% over the 12 months to 30 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, 30 Oct 2026): "Quantum vs. NetApp: Which Data Storage Stock is the Better Buy?". Zacks compares Quantum Corporation and NetApp as data-storage companies serving enterprises facing growing data volumes and changing infrastructure needs. The excerpt highlights Quantum’s ActiveScale and tape storage portfolio.
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
