Wells Fargo analyst Aaron Rakers has adjusted the price target for NetApp (NTAP, Financial), lowering it from $115.00 to $100.00. This change reflects a decrease of 13.04% in the price target set by the analyst. The adjustment was made on May 30, 2025.
Despite the lowered price target, Wells Fargo has maintained its "Equal-Weight" rating on NTAP. This means that the analyst sees the stock as performing in line with market expectations.
NetApp (NTAP, Financial) is listed on NASDAQ and the adjustments in ratings and price targets by analysts such as Wells Fargo are crucial insights for investors tracking the company's performance in the stock market.
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 $116.02 with a high estimate of $150.00 and a low estimate of $100.00. The average target implies an upside of 17.66% from the current price of $98.61. 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 8.42% from the current price of $98.605. 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.
