NetApp, Inc. (NTAP) Stock Analysis
Recovery setup · Catalyst-Driven edge
Technology · Software - Infrastructure
Sell if holding. Analyst target reached at $120.22 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Technology): -0.8.
NetApp provides enterprise data infrastructure—storage hardware, software, and cloud services—through Hybrid Cloud (on-premises and private cloud storage) and Public Cloud (native cloud storage on AWS, Azure, and Google Cloud) segments. Sales through indirect channel partners... Read more
Sell if holding. Analyst target reached at $120.22 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Technology): -0.8. Chart setup: Death cross but MACD improving, RSI 76. Score 5.4/10, high confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent Developments — NetApp, Inc.
Latest news
- CrowdStrike To Rally Around 7%? Here Are 10 Top Analyst Forecasts For Wednesday — benzinga May 20, 2026 neutral
- B of A Securities Maintains Neutral on NetApp, Raises Price Target to $125 — benzinga May 20, 2026 neutral
- BWG Global Downgrades NetApp to Mixed — benzinga May 14, 2026 negative
- Why Is NetApp (NTAP) Stock Trending Overnight — benzinga Apr 22, 2026 neutral
- JP Morgan Downgrades NetApp to Neutral, Lowers Price Target to $110 — benzinga Apr 16, 2026 negative
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerArrow Electronics21%10-K Item 1: 'Sales to customers Arrow Electronics, Inc. and TD Synnex Corporation accounted for 21% and 24% of our net revenues, respectively, in fiscal 2025'
- MEDIUMCustomerTD Synnex Corporation24%10-K Item 1: 'Sales to customers Arrow Electronics, Inc. and TD Synnex Corporation accounted for 21% and 24% of our net revenues, respectively, in fiscal 2025'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $120.22 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Technology): -0.8. Chart setup: Death cross but MACD improving, RSI 76. Prior stop was $112.74. Score 5.4/10, high confidence.
Take-profit target: $121.00 (+0.6% upside). Prior stop was $112.74. Stop-loss: $112.74.
Analyst target reached - limited upside remaining; Sector modifier (Technology): -0.8; Leverage penalty (D/E 2.4): -1.5.
NetApp, Inc. trades at a P/E of 20.1 (forward 14.1). TrendMatrix value score: 5.8/10. Verdict: Sell.
28 analysts cover NTAP with a consensus score of 3.5/5. Average price target: $117.
What does NetApp, Inc. do?NetApp provides enterprise data infrastructure—storage hardware, software, and cloud services—through Hybrid Cloud...
NetApp provides enterprise data infrastructure—storage hardware, software, and cloud services—through Hybrid Cloud (on-premises and private cloud storage) and Public Cloud (native cloud storage on AWS, Azure, and Google Cloud) segments. Sales through indirect channel partners represented 78% of net revenues in fiscal 2025. Arrow Electronics (21%) and TD Synnex Corporation (24%) together accounted for nearly half of net revenues.