NetApp (NTAP, Financial) received an updated analyst rating from Citigroup on June 2, 2025. Analyst Asiya Merchant maintained a "Neutral" rating for the company. However, the price target for NTAP has been adjusted upwards.
Citigroup raised the price target from $105.00 to $110.00, indicating an increase of approximately 4.76%. The price target adjustment reflects Citigroup's current assessment of NetApp's market position and potential growth trajectory.
NetApp (NTAP, Financial), listed on the NASDAQ, continues to hold a "Neutral" rating despite the revised price target. Investors are advised to consider these updates alongside other market factors when making informed decisions about their portfolios.
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 $115.82 with a high estimate of $150.00 and a low estimate of $100.00. The average target implies an upside of 19.60% from the current price of $96.85. 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 $90.67, suggesting a downside of 6.38% from the current price of $96.845. 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.
