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NTAP Stock Forecast 2026-2027
$96.93
Current Price
$19.20B
Market Cap
Buy 9
Hold 11
Sell 1
Wall St Analyst Ratings
Distance to NTAP Price Targets
+41.3%
To High Target of $137.00
+20.7%
To Median Target of $117.00
-9.2%
To Low Target of $88.00
NTAP Price Momentum
-4.1%
1 Week Change
-5.4%
1 Month Change
+7.6%
1 Year Change
-9.5%
Year-to-Date Change
-23.5%
From 52W High of $126.66
+34.9%
From 52W Low of $71.84
📊 TOP ANALYST CALLS
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We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if NetApp is one of their latest high-conviction picks.
Latest NTAP Stock Price Targets & Analyst Predictions
Based on our analysis of 36 Wall Street analysts, NTAP has a neutral consensus with a median price target of $117.00 (ranging from $88.00 to $137.00). The overall analyst rating is Buy (7.2/10). Currently trading at $96.93, the median forecast implies a 20.7% upside. This outlook is supported by 9 Buy, 11 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Nehal Chokshi at Northland Capital Markets, projecting a 41.3% upside. Conversely, the most conservative target is provided by Nehal Chokshi at Northland Capital Markets, suggesting a 9.2% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
NTAP Analyst Ratings
9
Buy
11
Hold
1
Sell
NTAP Price Target Range
Low
$88.00
Average
$117.00
High
$137.00
Current: $96.93
Latest NTAP Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for NTAP.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 2, 2026 | Citigroup | Asiya Merchant | Neutral | Maintains | $114.00 |
| Feb 25, 2026 | Wedbush | Matt Bryson | Neutral | Reiterates | $115.00 |
| Feb 17, 2026 | Citigroup | Asiya Merchant | Neutral | Maintains | $110.00 |
| Jan 20, 2026 | Morgan Stanley | Erik Woodring | Underweight | Downgrade | $89.00 |
| Nov 26, 2025 | Wells Fargo | Aaron Rakers | Equal-Weight | Maintains | $115.00 |
| Nov 26, 2025 | Northland Capital Markets | Nehal Chokshi | Outperform | Upgrade | $137.00 |
| Nov 26, 2025 | Barclays | Tim Long | Overweight | Maintains | $134.00 |
| Nov 26, 2025 | UBS | David Vogt | Neutral | Maintains | $120.00 |
| Nov 26, 2025 | B of A Securities | Wamsi Mohan | Neutral | Maintains | $129.00 |
| Nov 17, 2025 | Oppenheimer | Param Singh | Perform | Initiates | $N/A |
| Nov 12, 2025 | Citigroup | Asiya Merchant | Neutral | Maintains | $125.00 |
| Oct 16, 2025 | Citigroup | Asiya Merchant | Neutral | Maintains | $130.00 |
| Aug 29, 2025 | Argus Research | Jim Kelleher | Buy | Reiterates | $130.00 |
| Aug 28, 2025 | Barclays | Tim Long | Overweight | Maintains | $125.00 |
| Aug 28, 2025 | Northland Capital Markets | Nehal Chokshi | Market Perform | Maintains | $120.00 |
| Aug 28, 2025 | UBS | David Vogt | Neutral | Maintains | $114.00 |
| Aug 25, 2025 | B of A Securities | Wamsi Mohan | Neutral | Maintains | $125.00 |
| Aug 21, 2025 | Morgan Stanley | Erik Woodring | Equal-Weight | Assumes | $115.00 |
| Aug 11, 2025 | Citigroup | Asiya Merchant | Neutral | Maintains | $115.00 |
| Jul 17, 2025 | JP Morgan | Samik Chatterjee | Overweight | Maintains | $130.00 |
NetApp, Inc. (NTAP) Competitors
The following stocks are similar to NetApp based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
NetApp, Inc. (NTAP) Financial Data
NetApp, Inc. has a market capitalization of $19.20B with a P/E ratio of 16.3x. The company generates $6.71B in trailing twelve-month revenue with a 18.1% profit margin.
Revenue growth is +4.4% quarter-over-quarter, while maintaining an operating margin of +25.2% and return on equity of +112.6%.
Valuation Metrics
Market Cap
$19.20B
Enterprise Value
$18.85B
P/E Ratio
16.3x
PEG Ratio
1.1x
Price/Sales
2.9x
Growth & Margins
Revenue Growth (YoY)
+4.4%
Gross Margin
+70.6%
Operating Margin
+25.2%
Net Margin
+18.1%
EPS Growth
+11.7%
Financial Health
Cash/Price Ratio
+15.8%
Current Ratio
1.4x
Debt/Equity
236.1x
ROE
+112.6%
ROA
+10.3%
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NetApp, Inc. (NTAP) Business Model
About NetApp, Inc.
What They Do
Provides data management solutions for hybrid and cloud environments.
Business Model
NetApp generates revenue through hardware sales, software licenses, subscriptions, and professional services. Its business model is built on delivering unified data storage solutions and as-a-service products that cater to various sectors including healthcare and financial services, leveraging a partner ecosystem for distribution.
Additional Information
Founded in 1992 and headquartered in San Jose, California, the company has recently launched an AI data platform aimed at enhancing storage and intelligence for AI workloads, indicating a strong focus on innovation and modernization in data infrastructure.
Company Information
Sector
Technology
Industry
Software - Infrastructure
Employees
11,700
CEO
Mr. George Kurian
Country
United States
IPO Year
1995
Website
www.netapp.comNetApp, Inc. (NTAP) Latest News & Analysis
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Mar 03, 2026
By Zacks Equity Research
Analyst Blog
Latest News
Quick Summary
NetApp (NTAP) has garnered significant attention from Zacks.com users, indicating potential interest in its stock prospects.
Why It Matters
Increased interest in NetApp (NTAP) could signal potential volatility or growth, influencing trading decisions and stock performance.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
NetApp, Inc. (NTAP) presented at the Morgan Stanley Technology, Media & Telecom Conference 2026, providing insights into its business and strategies.
Why It Matters
NetApp's presentation at a major conference could signal insights into its strategic direction, innovation, and market position, influencing investor sentiment and stock performance.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
NetApp (NTAP) reported solid fiscal Q3 results with strong profitability and cash flow, enabling buybacks and dividends despite modest revenue growth.
Why It Matters
NetApp's strong profits and cash flows signal financial stability, enabling shareholder returns through buybacks and dividends, which can enhance investor confidence and stock value.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
NetApp's (NTAP) international revenue trends are influencing Wall Street forecasts, potentially impacting the stock's future performance. Investors should monitor these developments closely.
Why It Matters
NetApp's international revenue trends can signal growth potential or risks, impacting Wall Street forecasts and influencing stock performance and investor sentiment.
Source: Zacks Investment Research
Market Sentiment:
Neutral
Quick Summary
NTAP exceeded Q3 estimates, driven by demand for AI-ready infrastructure and all-flash products. The company reported strong EPS and announced a new dividend, indicating positive momentum.
Why It Matters
NTAP's strong Q3 results and dividend increase indicate robust demand for AI-ready solutions, suggesting growth potential and stability, which can boost investor confidence and stock performance.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
NetApp, Inc. (NTAP) held its Q3 2026 earnings call, discussing financial performance and strategic initiatives. Further details may provide insights into future growth and investment opportunities.
Why It Matters
NetApp's Q3 2026 earnings call provides insights into its financial performance, growth prospects, and operational strategies, influencing stock valuation and investor sentiment.
Source: Seeking Alpha
Market Sentiment:
Neutral
Frequently Asked Questions About NTAP Stock
What is NetApp, Inc.'s (NTAP) stock forecast for 2026?
Based on our analysis of 36 Wall Street analysts, NetApp, Inc. (NTAP) has a median price target of $117.00. The highest price target is $137.00 and the lowest is $88.00.
Is NTAP stock a good investment in 2026?
According to current analyst ratings, NTAP has 9 Buy ratings, 11 Hold ratings, and 1 Sell ratings. The stock is currently trading at $96.93. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for NTAP stock?
Wall Street analysts predict NTAP stock could reach $117.00 in the next 12 months. This represents a 20.7% increase from the current price of $96.93. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is NetApp, Inc.'s business model?
NetApp generates revenue through hardware sales, software licenses, subscriptions, and professional services. Its business model is built on delivering unified data storage solutions and as-a-service products that cater to various sectors including healthcare and financial services, leveraging a partner ecosystem for distribution.
What is the highest forecasted price for NTAP NetApp, Inc.?
The highest price target for NTAP is $137.00 from Nehal Chokshi at Northland Capital Markets, which represents a 41.3% increase from the current price of $96.93.
What is the lowest forecasted price for NTAP NetApp, Inc.?
The lowest price target for NTAP is $88.00 from Nehal Chokshi at Northland Capital Markets, which represents a -9.2% decrease from the current price of $96.93.
What is the overall NTAP consensus from analysts for NetApp, Inc.?
The overall analyst consensus for NTAP is neutral. Out of 36 Wall Street analysts, 9 rate it as Buy, 11 as Hold, and 1 as Sell, with a median price target of $117.00.
How accurate are NTAP stock price projections?
Stock price projections, including those for NetApp, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: March 13, 2026 2:35 PM UTC