NetApp, Inc. — Wall Street Analyst Estimates & Price Targets

NTAP

NASDAQTechnologyComputer HardwareCIK 0001002047netapp.comAbout NTAP

Last close · Oct 16, 2026203.80−10.90 (−5.08%)

Market cap$40.0B

10 firms' latest targets, last 90 days: median $205.00 ($170.00–$300.00), 1% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 10 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-07	Evercore ISI	$300.00	$210.00	▲ 43%	+31%	+47%
2026-10-07	Loop Capital Markets	$300.00	$260.00	▲ 15%	+31%	+47%
2026-10-06	Goldman Sachs	$240.00	$210.00	▲ 14%	+5%	+18%
2026-09-11	Argus Research	$225.00	$200.00	▲ 13%	+14%	+10%
2026-09-03	Northland Securities	$187.00	$171.00	▲ 9%	+1%	-8%
2026-09-03	Morgan Stanley	$191.00	$173.00	▲ 10%	+3%	-6%
2026-09-03	Wedbush	$170.00	$150.00	▲ 13%	-7%	-17%
2026-09-03	UBS	$171.00	$160.00	▲ 7%	-5%	-16%
2026-09-03	Wells Fargo	$190.00	$115.00	▲ 65%	+5%	-7%
2026-09-03	Barclays	$219.00	$199.00	▲ 10%	+21%	+7%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$6.3B	+10%	$4.09	+27%	est. $6.3B+0%	est. $5.14	7
2023reported	$6.4B	+1%	$5.79	+42%	est. $6.3B+1%	est. $5.40	11
2024reported	$6.3B	-1%	$4.63	-20%	est. $6.3B+0%	est. $6.47	13
2025reported	$6.6B	+5%	$5.67	+22%	est. $6.6B+0%	est. $7.23	13
2026reported	$6.9B	+5%	$6.35	+12%	est. $6.8B+1%	est. $7.98	12
2027	$8.2B	+18%	$10.00	+25%	$8.1B–$8.6B	$9.79–$10.94	14
2028	$8.7B	+6%	$11.13	+11%	$8.3B–$9.5B	$10.65–$12.84	14
2029	$9.3B	+7%	$12.49	+12%	$8.5B–$10.2B	$11.91–$13.07	8

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$205.00median target, 1% above the last close

Firms with a target · last 90 days: 10
Lowest – highest target: $170.00 – $300.00
Current grades of 15 firms: positive / neutral / negative: 5 / 10 / 0
Upgrades / downgrades · 12 months: 3 / 4
Consensus revenue growth · next 3 FY: +10% a year

Current grades

each firm's latest · 15 firms

As of	Firm	Grade
2026-10-14	Barclays	“Equal Weight”
2026-10-07	Evercore ISI	“Outperform”
2026-10-06	TD Cowen	“Buy”
2026-10-02	Loop Capital	“Buy”
2026-09-30	Bank of America	“Neutral”
2026-09-03	Citigroup	“Neutral”
2026-09-03	Wedbush	“Neutral”
2026-09-03	Northland Capital Markets	“Outperform”
2026-09-03	Morgan Stanley	“Equal Weight”
2026-09-03	UBS	“Neutral”

5 more

2026-09-03	Wells Fargo	“Equal Weight”
2026-09-03	Susquehanna	“Neutral”
2026-06-01	Argus Research	“Buy”
2026-05-29	J.P. Morgan	“Neutral”
2026-05-14	BWG Global	“Mixed”

Grade changes

last 24 months · 11

Date	Firm	Grade
2026-10-14	Barclays	“Overweight” → “Equal Weight” downgrade
2026-10-07	Evercore ISI	“In Line” → “Outperform” upgrade
2026-08-10	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2026-05-14	BWG Global	“Positive” → “Mixed” downgrade
2026-04-16	J.P. Morgan	“Overweight” → “Neutral” downgrade
2026-01-20	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2025-11-26	Northland Capital Markets	“Market Perform” → “Outperform” upgrade
2025-04-30	Barclays	“Equal Weight” → “Overweight” upgrade
2025-02-19	Bank of America	“Underperform” → “Neutral” upgrade
2025-02-10	Susquehanna	“Positive” → “Neutral” downgrade
2024-12-16	J.P. Morgan	“Neutral” → “Overweight” upgrade

49 older than 24 months

2024-09-03	Loop Capital	“Hold” → “Buy” upgrade
2024-05-31	J.P. Morgan	“Underweight” → “Neutral” upgrade
2024-03-04	Argus Research	“Hold” → “Buy” upgrade
2024-01-16	Raymond James	“Outperform” → “Market Perform” downgrade
2024-01-08	J.P. Morgan	“Neutral” → “Underweight” downgrade
2023-11-29	Northland Capital Markets	“Outperform” → “Market Perform” downgrade
2023-09-18	William Blair	“Outperform” → “Market Perform” downgrade
2023-09-05	Susquehanna	“Neutral” → “Positive” upgrade
2023-07-26	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2023-04-20	Bank of America	“Neutral” → “Underperform” downgrade
2023-04-10	Stifel	“Hold” → “Buy” upgrade
2023-02-09	OTR Global	“Positive” → “Mixed” downgrade
2023-01-10	Barclays	“Overweight” → “Equal Weight” downgrade
2022-12-20	J.P. Morgan	“Overweight” → “Neutral” downgrade
2022-12-13	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2022-12-05	Loop Capital	“Buy” → “Hold” downgrade
2022-09-19	Susquehanna	“Positive” → “Neutral” downgrade
2022-06-14	Deutsche Bank	“Hold” → “Buy” upgrade
2022-05-27	OTR Global	“Positive” → “Mixed” downgrade
2022-04-12	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2022-03-24	Bank of America	“Buy” → “Neutral” downgrade
2022-03-10	Barclays	“Equal Weight” → “Overweight” upgrade
2022-01-14	TD Cowen	“Market Perform” → “Outperform” upgrade
2021-12-13	J.P. Morgan	“Neutral” → “Overweight” upgrade
2021-10-18	Goldman Sachs	“Neutral” → “Sell” downgrade
2021-10-14	Citigroup	“Sell” → “Buy” upgrade
2021-08-19	Fox Advisors	“Overweight” → “Equal Weight” downgrade
2021-06-25	Raymond James	“Market Perform” → “Outperform” upgrade
2021-06-10	William Blair	“Market Perform” → “Outperform” upgrade
2021-04-29	OTR Global	“Mixed” → “Positive” upgrade
2020-12-16	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2020-12-02	Goldman Sachs	“Sell” → “Neutral” upgrade
2020-12-02	Loop Capital	“Hold” → “Buy” upgrade
2020-12-02	Cross Research	“Hold” → “Buy” upgrade
2020-10-13	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2020-06-26	Bank of America	“Neutral” → “Buy” upgrade
2020-05-11	Stifel	“Buy” → “Hold” downgrade
2020-02-19	Argus Research	“Buy” → “Hold” downgrade
2019-12-23	Standpoint Research	“Hold” → “Buy” upgrade
2019-10-10	Goldman Sachs	“Buy” → “Sell” downgrade
2019-09-09	Susquehanna	“Neutral” → “Positive” upgrade
2019-08-26	TD Cowen	“Underperform” → “Market Perform” upgrade
2019-08-15	Summit Insights Group	“Buy” → “Hold” downgrade
2019-08-02	Cross Research	“Buy” → “Hold” downgrade
2019-08-02	Piper Sandler	“Overweight” → “Neutral” downgrade
2019-08-02	Bank of America	“Buy” → “Neutral” downgrade
2019-07-29	Longbow Research	“Buy” → “Neutral” downgrade
2019-07-08	Citigroup	“Neutral” → “Sell” downgrade
2019-05-23	Lake Street	“Buy” → “Hold” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.