NTAP

NetApp, Inc

$0.00

+1.28%
Apr 3, 2026
Bobby Quantitative Model
NetApp, Inc. is a provider of enterprise data management and storage solutions in the Computer Hardware industry. The company is a key player in hybrid and multi-cloud data services, focusing on helping customers modernize their data centers with cloud-integrated infrastructure.

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NTAP 12-Month Price Forecast

Historical Price
Current Price $103.35
Average Target $103.35
High Target $118.85249999999998
Low Target $87.8475

Wall Street consensus

Most Wall Street analysts maintain a constructive view on NetApp, Inc's 12-month outlook, with a consensus price target around $0.00 and implied upside of — versus the current price.

Average Target

$0.00

12 analysts

Implied Upside

vs. current price

Analyst Count

12

covering this stock

Price Range

$0 - $0

Analyst target range

Buy
3 (25%)
Hold
6 (50%)
Sell
3 (25%)

Wall Street analyst coverage includes 12 firms providing estimates. The consensus estimated EPS for the current period is $9.40, with a range from $9.05 to $9.76. Estimated revenue consensus is approximately $7.57 billion. Recent institutional ratings show a mix of opinions, including Neutral (Citigroup, Wedbush, UBS, B of A), Underweight (Morgan Stanley), Outperform (Northland Capital), Overweight (Barclays), and Equal Weight (Wells Fargo). No specific consensus target price is provided in the data.

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NTAP Technical Analysis

The stock has experienced a significant downtrend over the past six months, declining 14.72% from its levels in early October 2025. The price has fallen from a high near $121 to a recent low of $94.11 in late January 2026, indicating a period of sustained selling pressure. The current price of $102.39 represents a 1.21% gain from the previous close, but the stock remains well below its 52-week high of $126.66. In the short term, the stock has shown some resilience, posting a 3.39% gain over the past month, which outperformed the S&P 500's 5.25% decline. However, over the last three months, the stock is down 4.39%, slightly outperforming the broader market's 4.63% drop. The recent price action suggests a potential stabilization after the sharp January decline. The current price of $102.39 sits approximately 19.2% below its 52-week high of $126.66 and about 42.5% above its 52-week low of $71.84. This places the stock in the lower-middle portion of its annual trading range. While specific RSI data is not provided, the relative strength metrics show the stock has recently outperformed the market on a one-month basis.

Beta

1.29

1.29x market volatility

Max Drawdown

-35.6%

Largest decline past year

52-Week Range

$72-$127

Price range past year

Annual Return

+14.2%

Cumulative gain past year

PeriodNTAP ReturnS&P 500
1m+4.6%-4.3%
3m-2.9%-4.0%
6m-12.9%-2.0%
1y+14.2%+22.2%
ytd-2.9%-3.8%

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NTAP Fundamental Analysis

Revenue for the latest quarter (Q3 2026) was $1.713 billion, representing a 4.39% year-over-year growth from the same quarter last year. Net income for the quarter was $334 million, resulting in a healthy net margin of 19.5%. The quarterly EPS of $1.69 shows continued profitability, with operating margins remaining stable around 25%. The company's debt-to-equity ratio stands at 3.36, indicating a significant level of financial leverage. However, the current ratio of 1.26 suggests adequate short-term liquidity. Free cash flow over the trailing twelve months is a robust $1.609 billion, providing strong cash generation to support operations, dividends, and share repurchases. Return on Equity (ROE) is exceptionally high at 114%, though this is heavily influenced by the high financial leverage as indicated by the debt-to-equity ratio. The company maintains solid gross margins above 70% and operating margins around 20-25%, demonstrating good operational efficiency in its core business.

Quarterly Revenue

$1.7B

2026-01

Revenue YoY Growth

+0.04%

YoY Comparison

Gross Margin

+0.70%

Latest Quarter

Free Cash Flow

$1.6B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

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Valuation Analysis: Is NTAP Overvalued?

Given the company's positive net income, the primary valuation metric is the P/E ratio. The trailing P/E ratio is 15.44, while the forward P/E is 12.03 based on analyst estimates. The PEG ratio of 0.68 suggests the stock may be undervalued relative to its earnings growth expectations when considering the forward P/E. Compared to other valuation metrics, the Price-to-Sales ratio is 2.79 and EV-to-Sales is 2.97. The Price-to-Book ratio is elevated at 17.60, reflecting the market's valuation of the company's equity relative to its book value. Industry average comparison data is not available in the provided inputs for a direct peer comparison.

PE

15.4x

Latest Quarter

vs. Historical

Low-End

5-Year PE Range 5x~54x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

11.3x

Enterprise Value Multiple

Investment Risk Disclosure