NETAPP INC (NTAP) Forecast, Price Target & Analyst Ratings

NASDAQ:NTAP • US64110D1046

Current stock price

108.71 USD
+0.31 (+0.29%)
At close:
108.71 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for NETAPP INC (NTAP).

Forecast Snapshot

Consensus Price Target

Price Target
$119.01
+ 9.47% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 28, 2026
Period
Q4 / 2026
EPS Estimate
$2.31
Revenue Estimate
1.906B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
70.71%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$119.01
Upside
+ 9.47%
From current price of $108.71 to mean target of $119.01, Based on 28 analyst forecasts
Low
$88.88
Median
$118.32
High
$143.85

Price Target Revisions

1 Month
-3.44%
3 Months
-5.32%

Price Target Summary

28 Wall Street analysts provided a forecast for the next 12 months for NTAP. The average price target is 119.01 USD. This implies a price increase of 9.47% is expected in the next year compared to the current price of 108.71.
The average price target has been revised downward by 5.32% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

NTAP Current Analyst RatingNTAP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

NTAP Historical Analyst RatingsNTAP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
70.71%
NTAP was analyzed by 28 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about NTAP.
In the previous month the buy percentage consensus was at a similar level.
NTAP was analyzed by 28 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-16JP MorganDowngrade Overweight -> Neutral
2026-03-02CitigroupMaintains Neutral -> Neutral
2026-02-25WedbushReiterate Neutral -> Neutral
2026-02-17CitigroupMaintains Neutral -> Neutral
2026-01-20Morgan StanleyDowngrade Equal-Weight -> Underweight
2025-11-26UBSMaintains Neutral -> Neutral
2025-11-26BarclaysMaintains Overweight -> Overweight
2025-11-26Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-11-26B of A SecuritiesMaintains Neutral -> Neutral
2025-11-26Northland Capital MarketsUpgrade Market Perform -> Outperform
2025-11-17OppenheimerInitiate Perform
2025-11-12CitigroupMaintains Neutral -> Neutral
2025-10-16CitigroupMaintains Neutral -> Neutral
2025-08-29Argus ResearchReiterate Buy -> Buy
2025-08-28UBSMaintains Neutral -> Neutral
2025-08-28BarclaysMaintains Overweight -> Overweight
2025-08-28Northland Capital MarketsMaintains Market Perform -> Market Perform
2025-08-25B of A SecuritiesMaintains Neutral -> Neutral
2025-08-11CitigroupMaintains Neutral -> Neutral
2025-07-17JP MorganMaintains Overweight -> Overweight
2025-06-02CitigroupMaintains Neutral -> Neutral
2025-05-30UBSMaintains Neutral -> Neutral
2025-05-30BarclaysMaintains Overweight -> Overweight
2025-05-30Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-05-30JP MorganMaintains Overweight -> Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 28, 2026
Period
Q4 / 2026
EPS Estimate
$2.31
Revenue Estimate
1.906B
Revenue Q2Q
10.05%
EPS Q2Q
19.71%
Number of Analysts
21

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
3.81%
EPS (1 Month)
0.08%
EPS (3 Months)
1.08%

Next Earnings Summary

NTAP is expected to report earnings on 5/28/2026. The consensus EPS estimate for the next earnings is 2.31 USD and the consensus revenue estimate is 1.91B USD.
The next earnings revenue estimate has been revised upward by 3.81% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2028

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
NTAP revenue by date.NTAP revenue by date.
6.362B
0.70%		6.268B
-1.48%		6.572B
4.85%		6.981B
6.22%		7.324B
4.91%		7.691B
5.01%
EBITDA
YoY % growth
NTAP ebitda by date.NTAP ebitda by date.
1.41B
0.93%		1.523B
8.01%		1.668B
9.52%		2.274B
36.33%		2.349B
3.30%		2.476B
5.41%
EBIT
YoY % growth
NTAP ebit by date.NTAP ebit by date.
1.162B
-3.41%		1.268B
9.12%		1.425B
12.38%		2.087B
46.46%		2.158B
3.40%		2.303B
6.72%
Operating Margin
NTAP operating margin by date.NTAP operating margin by date.
18.26%20.23%21.68%29.90%29.46%29.94%
EPS
YoY % growth
NTAP eps by date.NTAP eps by date.
5.59
5.67%		6.47
15.74%		7.27
12.36%		8.14
11.93%		8.70
6.94%		9.51
9.28%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		2.31
19.71%		1.87
20.96%		2.15
4.91%		2.25
6.35%		2.42
4.72%		1.95
3.80%		2.25
4.72%		2.42
7.49%		2.63
8.68%
Revenue
Q2Q % growth		1.906B
10.05%		1.706B
9.43%		1.826B
7.10%		1.844B
7.65%		1.961B
2.89%		1.756B
2.93%		1.889B
3.45%		1.939B
5.15%		2.056B
4.84%
EBITDA
Q2Q % growth		640.88M
0.61%		509.1M
40.64%		583.7M
11.18%		608.29M
4.52%		648.07M
1.12%		524.9M
3.10%		601.62M
3.07%		629.36M
3.46%		667.25M
2.96%
EBIT
Q2Q % growth		589.74M
49.68%		465.22M
49.59%		528.61M
25.26%		559.95M
29.92%		604.85M
2.56%		473.68M
1.82%		547.49M
3.57%		592.8M
5.87%		650.38M
7.53%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

NTAP Yearly Revenue VS EstimatesNTAP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
NTAP Yearly EPS VS EstimatesNTAP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
9.36%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
4.72%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
9.46%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

NETAPP INC / NTAP Forecast FAQ

What is the average price target for NETAPP INC (NTAP) stock?

28 analysts have analysed NTAP and the average price target is 119.01 USD. This implies a price increase of 9.47% is expected in the next year compared to the current price of 108.71.

When does NETAPP INC (NTAP) report earnings?

NETAPP INC (NTAP) will report earnings on 2026-05-28, after the market close.

What are the consensus estimates for NTAP stock next earnings?

The consensus EPS estimate for the next earnings of NETAPP INC (NTAP) is 2.31 USD and the consensus revenue estimate is 1.91B USD.

How many analysts cover NETAPP INC (NTAP) stock?

The number of analysts covering NETAPP INC (NTAP) is 28.