Netapp Inc [NASDAQ: NTAP] stock went on a downward path that fall over -0.46% on Thursday, amounting to a one-week price decrease of less than -0.36%.
Over the last 12 months, NTAP stock dropped by -14.23%. The one-year Netapp Inc stock forecast points to a potential upside of 13.78. The average equity rating for NTAP stock is currently 2.41, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $20.47 billion, with 206.38 million shares outstanding and 205.35 million shares in the current float. Compared to the average trading volume of 2.28M shares, NTAP stock reached a trading volume of 3924178 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Netapp Inc [NTAP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTAP shares is $115.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTAP stock is a recommendation set at 2.41. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Netapp Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 30, 2025. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $160 to $130. The new note on the price target was released on February 28, 2025, representing the official price target for Netapp Inc stock. Previously, the target price had yet another raise from $121 to $128, while BofA Securities kept a Neutral rating on NTAP stock.
The Average True Range (ATR) for Netapp Inc is set at 2.46, with the Price to Sales ratio for NTAP stock in the period of the last 12 months amounting to 3.15. The Price to Book ratio for the last quarter was 20.24, with the Price to Cash per share for the same quarter was set at 10.96. Price to Free Cash Flow for NTAP in the course of the last twelve months was 16.19 with Quick ratio for the last quarter at 0.85.
NTAP Stock Performance Analysis:
Netapp Inc [NTAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.36. With this latest performance, NTAP shares gained by 12.92% in over the last four-week period, additionally sinking by -18.91% over the last 6 months – not to mention a drop of -14.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTAP stock in for the last two-week period is set at 59.98, with the RSI for the last a single of trading hit 58.76, and the three-weeks RSI is set at 57.28 for Netapp Inc [NTAP]. The present Moving Average for the last 50 days of trading for this stock 90.71, while it was recorded at 99.41 for the last single week of trading, and 112.40 for the last 200 days.
Insight into Netapp Inc Fundamentals:
Netapp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 0.92.
Netapp Inc [NTAP] Institutonal Ownership Details
The top three institutional holders of NTAP stocks are: VANGUARD GROUP INC with ownership of 25.77 million shares, which is approximately 12.5092%. BLACKROCK INC., holding 21.21 million shares of the stock with an approximate value of $$2.73 billion in NTAP stocks shares; and BLACKROCK INC., currently with $$1.78 billion in NTAP stock with ownership which is approximately 6.6926%.
