Summary:
- NetApp (NTAP, Financial) projects fiscal 2026 revenue below expectations but forecasts stronger margins.
- Analysts provide an average price target indicating a potential 17.19% upside.
- Current "Hold" rating could shift with advancements in AI and cloud technology.
Recent developments from NetApp Inc. (NASDAQ: NTAP) have drawn attention from investors, as the company released its fiscal 2026 revenue forecast, which was lower than market expectations. However, it offset this disappointment with projections of improved margins. The revenue guidance stands at $6.75 billion, slightly below the anticipated $6.84 billion figure. Despite this, NetApp's foresight of stronger gross and operating margins brings a silver lining, suggesting potential long-term value for investors. Analysts hint at conservative guidance, pointing to opportunities in artificial intelligence and cloud solutions as future growth avenues.
Wall Street Analysts Forecast
Analyzing the data from 15 financial analysts, NetApp Inc (NTAP, Financial) displays an average one-year price target of $116.02. This reflects a high estimate of $150.00 and a low of $100.00, indicating an approximate 17.19% upside from the present trading price of $99.00. For a deeper dive into these estimates, visit the NetApp Inc (NTAP) Forecast page.
With an average brokerage recommendation rating of 2.6 from 22 firms, NetApp Inc (NTAP, Financial) is currently classified under the "Hold" category. The rating scale varies from 1 (Strong Buy) to 5 (Sell), positioning NTAP in the mid-range.
In terms of valuation, GuruFocus estimates the GF Value for NetApp Inc (NTAP, Financial) at $90.30 over the next year, which implies a potential downside of 8.79% from its present price of $99. The GF Value metric offers a calculated estimation of the fair trading value of a stock, derived from its historical multiples, past business growth, and anticipated future business performance. To explore further information, consult the NetApp Inc (NTAP) Summary page.
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