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NetApp (NTAP)
NASDAQ:NTAP

NetApp Stock Forecast & Price Target

1,110 Followers
See the Price Targets and Ratings of:

Analyst Rating Consensus

Moderate Buy
12Ratings
6 Buy
5 Hold
1 Sell
Based on 12 analysts giving stock ratings to
NetApp
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

NTAP Stock Price Prediction

Average Price Target

$87.50
▲(30.23% Upside)
Based on 12 Wall Street analysts offering 12 month price targets for NetApp in the last 3 months. The average price target is $87.50 with a high forecast of $120.00 and a low forecast of $68.00. The average price target represents a 30.23% change from the last price of $67.19.
Highest Price Target$120.00Average Price Target$87.50Lowest Price Target$68.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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Goldman Sachs
$68.00
Sell
1.21%
Upside
Reiterated
NetApp price target raised to $68 from $60 at Goldman SachsNetApp price target raised to $68 from $60 at Goldman Sachs
Credit Suisse
$87.00
Buy
29.48%
Upside
Initiated
NetApp initiated with an Outperform at Credit SuisseNetApp initiated with an Outperform at Credit Suisse
Northland Securities
$101.00
Buy
50.32%
Upside
Reiterated
NetApp price target lowered to $101 from $124 at NorthlandNetApp price target lowered to $101 from $124 at Northland
Wedbush
$80.00
Hold
19.07%
Upside
Reiterated
NetApp price target lowered to $80 from $85 at WedbushNetApp price target lowered to $80 from $85 at Wedbush
Stifel Nicolaus
$78.00
Hold
16.09%
Upside
Reiterated
NetApp (NTAP) Risk Reward is Evenly Balanced - StifelStifel analyst Matthew Sheerin reiterated a Hold rating and $78.00 price target on NetApp (NASDAQ: NTAP) after 4QFY22 sales of $1.68bn grew 8% y/y despite ongoing supply constraints. Management pointed to strong bookings across its served markets as customers continue to transition to digital storage solutions. However, NTAP missed its Public Cloud ARR target, exiting FY22 at a $505mn ARR, below its target of $535mn at midpoint, due to several issues, including lower renewals, operational issues within its cloudproduct portfolio, and sales turnover. NTAP guided FY23 sales growth of 7% at midpoint and EPS of $5.40-$5.60, above Consensus of $5.39 despite a higher expected tax rate.
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NTAP Stock Forecast FAQ

What is NTAP’s average 12-month price target, according to analysts?
Based on analyst ratings, NetApp’s 12-month average price target is $87.50.
    What is NTAP’s upside potential, based on the analysts’ average price target?
    NetApp has 30.23% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is NTAP a Buy, Sell or Hold?
          NetApp has a conensus rating of Moderate Buy which is based on 6 buy ratings, 5 hold ratings and 1 sell ratings.
            What is NetApp’s price target?
            The average price target for NetApp is $87.50. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $120.00 ,the lowest forecast is $68.00. The average price target represents 30.23% Increase from the current price of $67.19.
              What do analysts say about NetApp?
              NetApp’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.

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