NetApp (NTAP, Financial) has announced its revenue projections for the first quarter, estimating a range between $1.455 billion and $1.605 billion. This forecast slightly misses the market consensus, which stands at $1.6 billion. The company's outlook raises investor attention as it reflects on how NetApp navigates current market conditions. Stakeholders will be keenly observing how these projections align with actual performance in the coming financial period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for NetApp Inc (NTAP, Financial) is $117.49 with a high estimate of $150.00 and a low estimate of $100.00. The average target implies an upside of 18.42% from the current price of $99.21. More detailed estimate data can be found on the NetApp Inc (NTAP) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, NetApp Inc's (NTAP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NetApp Inc (NTAP, Financial) in one year is $90.30, suggesting a downside of 8.98% from the current price of $99.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NetApp Inc (NTAP) Summary page.
