Across the recent three months, 11 analysts have shared their insights on NetApp NTAP, expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 7 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 2 | 0 | 5 | 1 | 0 |
Analysts have recently evaluated NetApp and provided 12-month price targets. The average target is $138.27, accompanied by a high estimate of $160.00 and a low estimate of $120.00. This upward trend is apparent, with the current average reflecting a 5.87% increase from the previous average price target of $130.60.
Interpreting Analyst Ratings: A Closer Look
The standing of NetApp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mehdi Hosseini | Susquehanna | Lowers | Neutral | $130.00 | $155.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $146.00 | $132.00 |
| Samik Chatterjee | JP Morgan | Announces | Overweight | $160.00 | - |
| Asiya Merchant | Citigroup | Raises | Neutral | $135.00 | $130.00 |
| Karl Ackerman | TD Cowen | Raises | Buy | $160.00 | $145.00 |
| Matthew Sheerin | Stifel | Raises | Buy | $145.00 | $140.00 |
| Aaron Rakers | Wells Fargo | Raises | Equal-Weight | $140.00 | $135.00 |
| Tim Long | Barclays | Raises | Equal-Weight | $132.00 | $119.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $132.00 | $127.00 |
| Nehal Chokshi | Northland Capital Markets | Raises | Market Perform | $120.00 | $108.00 |
| Wamsi Mohan | B of A Securities | Raises | Underperform | $121.00 | $115.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to NetApp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of NetApp compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of NetApp's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of NetApp's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on NetApp analyst ratings.
About NetApp
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
NetApp's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining NetApp's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.15% as of 31 October, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: NetApp's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.03%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): NetApp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 32.84% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): NetApp's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.27%, the company showcases efficient use of assets and strong financial health.
Debt Management: NetApp's debt-to-equity ratio stands notably higher than the industry average, reaching 2.52. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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