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NetApp Inc has a consensus price target of $130.05 based on the ratings of 23 analysts. The high is $160 issued by TD Cowen on November 22, 2024. The low is $80 issued by Deutsche Bank on August 21, 2023. The 3 most-recent analyst ratings were released by Citigroup, TD Cowen, and Stifel on November 22, 2024, respectively. With an average price target of $146.67 between Citigroup, TD Cowen, and Stifel, there's an implied 19.73% upside for NetApp Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for NetApp (NASDAQ:NTAP) was reported by Citigroup on November 22, 2024. The analyst firm set a price target for $135.00 expecting NTAP to rise to within 12 months (a possible 10.20% upside). 59 analyst firms have reported ratings in the last year.
The latest analyst rating for NetApp (NASDAQ:NTAP) was provided by Citigroup, and NetApp maintained their neutral rating.
The last upgrade for NetApp Inc happened on September 3, 2024 when Loop Capital raised their price target to $150. Loop Capital previously had a hold for NetApp Inc.
The last downgrade for NetApp Inc happened on January 16, 2024 when Raymond James changed their price target from N/A to N/A for NetApp Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of NetApp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for NetApp was filed on November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.
While ratings are subjective and will change, the latest NetApp (NTAP) rating was a maintained with a price target of $130.00 to $135.00. The current price NetApp (NTAP) is trading at is $122.50, which is out of the analyst’s predicted range.
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