Netapp Inc [NASDAQ: NTAP] price surged by 0.10 percent to reach at $0.1.
The one-year NTAP stock forecast points to a potential upside of 8.12. The average equity rating for NTAP stock is currently 2.41, trading closer to a bullish pattern in the stock market.
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 $112.93 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 2.86, with the Price to Sales ratio for NTAP stock in the period of the last 12 months amounting to 3.26. The Price to Book ratio for the last quarter was 21.17, with the Price to Cash per share for the same quarter was set at 18.64. Price to Free Cash Flow for NTAP in the course of the last twelve months was 16.00 with Quick ratio for the last quarter at 1.22.
NTAP Stock Performance Analysis:
Netapp Inc [NTAP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.10. With this latest performance, NTAP shares gained by 11.46% in over the last four-week period, additionally sinking by -15.39% over the last 6 months – not to mention a drop of -13.84% 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 68.92, with the RSI for the last a single of trading hit 73.34, and the three-weeks RSI is set at 63.69 for Netapp Inc [NTAP]. The present Moving Average for the last 50 days of trading for this stock 91.36, while it was recorded at 100.91 for the last single week of trading, and 111.89 for the last 200 days.
Insight into Netapp Inc Fundamentals:
Netapp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.22 and a Current Ratio set at 1.26.
NTAP Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTAP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Netapp Inc go to 7.92%.
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%.
