- NetApp (NTAP, Financial) surpasses Q4 predictions but shares drop due to cautious future guidance.
- Analysts predict a potential 18.42% increase in share price from current levels.
- GuruFocus estimates indicate an 8.98% downside based on GF Value.
NetApp Inc (NTAP) delivered impressive results in the fourth quarter by exceeding expectations with an adjusted earnings per share (EPS) of $1.93 and revenue totals hitting $1.73 billion. Despite this strong performance, investor sentiment took a hit as NetApp's guidance for the current quarter fell short of expectations. The company anticipates EPS ranging from $1.48 to $1.58, with revenue expected to be between $1.455 billion and $1.605 billion.
Wall Street Analysts Forecast
NetApp Inc's future looks interesting based on the projections from 15 Wall Street analysts. The consensus one-year price target stands at $117.49, with the highest estimate reaching $150.00 and the lowest at $100.00. This signifies a potential upside of 18.42% from the current stock price of $99.21. For a deeper dive into these projections, visit the NetApp Inc (NTAP, Financial) Forecast page.
Consensus from 22 brokerage firms rates NetApp Inc (NTAP, Financial) at an average of 2.6, which suggests a "Hold" status. The scale used ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
According to GuruFocus metrics, the projected GF Value for NetApp Inc in a year's time is $90.30. This suggests a potential downside of 8.98% from the current trading price of $99.21. The GF Value represents GuruFocus' assessment of the stock's fair value, based on historical trading multiples, past business growth, and future performance projections. You can explore more detailed data on the NetApp Inc (NTAP, Financial) Summary page.
