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NASDAQ: NTAP
Netapp Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for NTAP

Based on 12 analysts offering 12 month price targets for Netapp Inc.
Min Forecast
$83.00-17.77%
Avg Forecast
$99.50-1.43%
Max Forecast
$120.00+18.88%

Should I buy or sell NTAP stock?

Based on 12 analysts offering ratings for Netapp Inc.
Hold
Strong Buy
1 analysts 8.33%
Buy
2 analysts 16.67%
Hold
8 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

Be the first to know when Wall Street analysts revise their NTAP stock forecasts and price targets.

NTAP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-05
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
TD Cowen
Top 5%
96
BuyMaintains$120.00+18.88%2024-03-01
Evercore ISI Group
Top 4%
97
HoldMaintains$100.00-0.93%2024-03-01
Barclays
Top 4%
97
HoldMaintains$100.00-0.93%2024-03-01
Morgan Stanley
Top 6%
95
HoldMaintains$84.00-16.78%2023-11-29
Northland Securities
Top 12%
89
HoldDowngrades$100.00-0.93%2023-11-29

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Forecast return on equity

Is NTAP forecast to generate an efficient return?
Company
N/A
Industry
-69.38%
Market
19.16%

Forecast return on assets

Is NTAP forecast to generate an efficient return on assets?
Company
N/A
Industry
4.83%

NTAP revenue forecast

What is NTAP's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$6.3B+1.29%
Avg 2 year Forecast
$6.5B+5.33%
Avg 3 year Forecast
$6.7B+8.96%
NTAP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NTAP earnings growth forecast

How is NTAP forecast to perform vs Computer Hardware companies and vs the US market?
Company
15.26%
Industry
-6.24%
Market
28.66%
NTAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NTAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NTAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NTAP revenue growth forecast

How is NTAP forecast to perform vs Computer Hardware companies and vs the US market?
Company
2.57%
Industry
14.29%
Market
9.03%
NTAP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NTAP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NTAP vs Computer Hardware Stocks

TickerPricePrice TargetUp/downsideConsensus
NTAP$100.94$99.50-1.43%Hold
WDC$69.44$79.93+15.11%Strong Buy
STX$87.26$93.31+6.93%Buy
PSTG$52.22$53.85+3.11%Strong Buy
HPQ$28.13$33.00+17.31%Buy
View Top Computer Hardware Stocks

Netapp Stock Forecast FAQ

Is Netapp Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NASDAQ: NTAP) stock is to Hold NTAP stock.

Out of 12 analysts, 1 (8.33%) are recommending NTAP as a Strong Buy, 2 (16.67%) are recommending NTAP as a Buy, 8 (66.67%) are recommending NTAP as a Hold, 0 (0%) are recommending NTAP as a Sell, and 1 (8.33%) are recommending NTAP as a Strong Sell.

If you're new to stock investing, here's how to buy Netapp stock.

What is NTAP's revenue growth forecast for 2024-2026?

(NASDAQ: NTAP) Netapp's forecast annual revenue growth rate of 2.57% is not forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of 14.29%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.03%.

Netapp's revenue in 2024 is $6,181,000,000.On average, 8 Wall Street analysts forecast NTAP's revenue for 2024 to be $1,292,110,860,038, with the lowest NTAP revenue forecast at $1,291,546,419,870, and the highest NTAP revenue forecast at $1,293,775,287,809. On average, 8 Wall Street analysts forecast NTAP's revenue for 2025 to be $1,343,576,039,875, with the lowest NTAP revenue forecast at $1,334,400,533,527, and the highest NTAP revenue forecast at $1,355,667,648,443.

In 2026, NTAP is forecast to generate $1,389,893,153,903 in revenue, with the lowest revenue forecast at $1,373,255,067,493 and the highest revenue forecast at $1,413,060,997,867.

What is NTAP's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: NTAP) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 4.83%.

What is NTAP's Price Target?

According to 12 Wall Street analysts that have issued a 1 year NTAP price target, the average NTAP price target is $99.50, with the highest NTAP stock price forecast at $120.00 and the lowest NTAP stock price forecast at $83.00.

On average, Wall Street analysts predict that Netapp's share price could fall to $99.50 by Mar 5, 2025. The average Netapp stock price prediction forecasts a potential downside of 1.43% from the current NTAP share price of $100.94.

What is NTAP's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: NTAP) forecast ROE is N/A, which is considered weak.
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