NetApp (NASDAQ:NTAP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Posted by John Perry on May 29th, 2026

NetApp (NASDAQ:NTAP – Get Free Report) had its price objective lifted by research analysts at Wells Fargo & Company from $115.00 to $180.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the data storage provider’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 2.45% from the stock’s previous close.

NTAP has been the subject of a number of other research reports. Barclays reaffirmed an “overweight” rating and set a $199.00 target price on shares of NetApp in a report on Friday. Citigroup downgraded NetApp from a “neutral” rating to a “mixed” rating in a research report on Thursday, May 14th. Northland Securities lifted their price target on NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen downgraded NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Finally, Morgan Stanley lifted their price target on NetApp from $88.00 to $137.00 and gave the company an “underweight” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.75.

Check Out Our Latest Analysis on NetApp

NetApp Price Performance

NTAP stock traded up $42.13 during mid-day trading on Friday, reaching $184.53. 4,602,026 shares of the company traded hands, compared to its average volume of 2,514,161. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The company has a market capitalization of $36.41 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.60 and a beta of 1.28. NetApp has a 52-week low of $93.69 and a 52-week high of $192.83. The company has a fifty day moving average price of $110.99 and a 200-day moving average price of $107.48.

NetApp (NASDAQ:NTAP – Get Free Report) last posted its earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, analysts anticipate that NetApp will post 6.48 earnings per share for the current year.

Insider Activity at NetApp

In other news, CAO Lorenzo Daniel De sold 275 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $120.00, for a total transaction of $33,000.00. Following the transaction, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at approximately $130,800. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $117.73, for a total value of $117,730.00. Following the transaction, the executive vice president directly owned 18,382 shares in the company, valued at $2,164,112.86. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,275 shares of company stock worth $347,650 over the last three months. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On NetApp

Several hedge funds have recently made changes to their positions in NTAP. Abich Financial Wealth Management LLC bought a new stake in shares of NetApp during the third quarter valued at approximately $27,000. Rossby Financial LCC boosted its position in shares of NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Park Square Financial Group LLC boosted its position in shares of NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in shares of NetApp during the fourth quarter valued at approximately $30,000. Finally, DV Equities LLC bought a new stake in shares of NetApp during the fourth quarter valued at approximately $30,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about NetApp

Here are the key news stories impacting NetApp this week:

Positive Sentiment: NetApp posted fiscal Q4 revenue of $1.95 billion, above estimates, and management guided FY2027 EPS and revenue ahead of Wall Street expectations, reinforcing the view that demand remains strong. NetApp surges on strong Q4 results, guidance
Positive Sentiment: Several analysts raised price targets after the report, including Wedbush, Susquehanna, and Northland, suggesting Wall Street sees more upside despite mixed ratings. Replimune, Dell Technologies, NetApp And Other Big Stocks Moving Higher on Friday
Positive Sentiment: NetApp also announced a new $1 billion share repurchase program and a quarterly dividend, both of which can support the stock by returning capital to shareholders. NetApp Announces New $1 Billion Share Repurchase Program
Neutral Sentiment: Some analysts kept neutral or hold views, noting strong execution but also pointing to valuation and margin headwinds, which may limit upside if growth slows. Wamsi Mohan Reiterates Hold on NetApp, Lifts Price Target to $150 Amid Strong Execution but Valuation and Margin Headwinds
Negative Sentiment: Despite the strong revenue beat, NetApp missed EPS estimates in the quarter, and some analysts still see downside relative to the recently elevated share price. NetApp earnings report and transcript

About NetApp

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NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.