NetApp (NASDAQ:NTAP) Price Target Raised to $150.00 at JPMorgan Chase & Co.

NetApp (NASDAQ:NTAP) had its target price upped by investment analysts at JPMorgan Chase & Co. from $110.00 to $150.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the data storage provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 13.50% from the company’s current price.

A number of other equities analysts also recently weighed in on NTAP. Bank of America upped their price target on NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays reaffirmed an “overweight” rating and set a $199.00 price target on shares of NetApp in a research report on Friday. Morgan Stanley upped their price target on NetApp from $88.00 to $137.00 and gave the stock an “underweight” rating in a research report on Friday. Citigroup upped their price target on NetApp from $114.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wedbush upped their price target on NetApp from $115.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $157.50.

NetApp Stock Up 21.8%

NASDAQ:NTAP traded up $31.02 during trading hours on Friday, reaching $173.42. 11,643,242 shares of the stock were exchanged, compared to its average volume of 2,575,759. NetApp has a twelve month low of $93.69 and a twelve month high of $192.83. 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 firm has a 50 day moving average of $110.99 and a 200 day moving average of $107.48. The stock has a market cap of $34.22 billion, a PE ratio of 29.00, a PEG ratio of 2.60 and a beta of 1.28.

NetApp (NASDAQ:NTAP) last released its quarterly 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). NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $1.93 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. On average, equities analysts expect that NetApp will post 6.48 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the sale, the executive vice president owned 18,382 shares in the company, valued at $2,164,112.86. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lorenzo Daniel De sold 275 shares of the company’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 value of $33,000.00. Following the sale, the chief accounting officer owned 1,090 shares in the company, valued at approximately $130,800. This represents a 20.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,275 shares of company stock worth $347,650. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On NetApp

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in NetApp by 1.1% in the 4th quarter. State Street Corp now owns 10,192,354 shares of the data storage provider’s stock valued at $1,091,499,000 after acquiring an additional 115,451 shares during the period. Wellington Management Group LLP raised its stake in NetApp by 17.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock valued at $582,296,000 after acquiring an additional 718,409 shares during the period. Norges Bank bought a new stake in NetApp in the 4th quarter valued at $458,060,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NetApp by 17.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,127,533 shares of the data storage provider’s stock valued at $442,018,000 after acquiring an additional 611,003 shares during the period. Finally, First Trust Advisors LP raised its stake in NetApp by 127.0% in the 1st quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock valued at $374,549,000 after acquiring an additional 2,046,912 shares during the period. Institutional investors own 92.17% of the company’s stock.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp’s fiscal Q4 revenue came in at about $1.95 billion, up double digits year over year, with record all-flash array and public cloud revenue showing continued demand strength. NetApp Inc (NTAP) Q4 2026 Earnings Call Highlights: Record Revenue and Strategic AI Expansion
• Positive Sentiment: The company raised its FY2027 outlook, with guidance for revenue and non-GAAP EPS above consensus, fueling analyst upgrades and price-target increases. Why NetApp Stock Soared 35% Friday Morning
• Positive Sentiment: NetApp announced a new $1 billion share repurchase program and a quarterly dividend of $0.52 per share, reinforcing shareholder-return support. NetApp Announces New $1 Billion Share Repurchase Program
• Neutral Sentiment: Several Wall Street firms raised price targets after earnings, but many kept neutral/hold-type ratings, suggesting improved fundamentals but still mixed valuation concerns. Benzinga analyst target updates
• Negative Sentiment: Despite the rally, some analysts still see downside from the current price, including Bank of America, Citi, and Wedbush, reflecting caution after the sharp move. Benzinga analyst target updates

About NetApp

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.