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NetApp Inc has a consensus price target of $134.33 based on the ratings of 22 analysts. The high is $160 issued by JP Morgan on December 16, 2024. The low is $80 issued by Deutsche Bank on August 21, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, JP Morgan, and Citigroup on December 17, 2024, December 16, 2024, and November 22, 2024, respectively. With an average price target of $147 between Morgan Stanley, JP Morgan, and Citigroup, there's an implied 24.21% 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 Morgan Stanley on December 17, 2024. The analyst firm set a price target for $146.00 expecting NTAP to rise to within 12 months (a possible 23.36% upside). 52 analyst firms have reported ratings in the last year.
The latest analyst rating for NetApp (NASDAQ:NTAP) was provided by Morgan Stanley, and NetApp maintained their equal-weight rating.
The last upgrade for NetApp Inc happened on December 16, 2024 when JP Morgan raised their price target to $160. JP Morgan previously had a neutral 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 December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest NetApp (NTAP) rating was a maintained with a price target of $132.00 to $146.00. The current price NetApp (NTAP) is trading at is $118.35, which is out of the analyst’s predicted range.
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