NetApp (NTAP) Stock: Buy, Sell, or Hold?
NTAP - NetApp, Inc
$218.42
-5.24 (-2.34%)
âŧ
5d:
+2.78%
30d:
+3.97%
90d:
+22.36%
WAIT
LOW Confidence
Analysis Updated: Oct 29, 2026 12:00 AM ET
Earnings: Dec 01, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
âšī¸ NEUTRAL: NTAP is fairly priced but lacks strong directional signals. At 14.8% expected growth, valuation appears stretched. Wait for clearer setup or better entry on dips.
âšī¸ NEUTRAL: NTAP is fairly priced but lacks strong directional signals. At 14.8% expected growth, valuation appears stretched. Wait for clearer setup or better entry on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$187.97
Based on 5.5% avg growth
INTRINSIC VALUE TODAY
$116.71
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 16.9x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NTAP is currently trading at $218.42, which is considered fair relative to its 30-day fair value range of $203.40 to $229.71. From a valuation perspective, the stock is trading at a premium (Forward PE: 25.6) compared to its historical average (16.9). At these levels, the market is pricing in 14.8% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, NTAP is in a strong uptrend. Immediate support is located at $202.56, while resistance sits at $231.56.
Market Sentiment: The stock scores a mixed 45/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, NTAP is in a strong uptrend. Immediate support is located at $202.56, while resistance sits at $231.56.
Market Sentiment: The stock scores a mixed 45/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
FAIR
Historical Trading Range
$203.40 -
$229.71
Company Quality Score
50/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
66.7%
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View Profit Protection PlanAll Signals
- NEUTRAL: Price in fair range
- NEUTRAL: Mixed technical signals (45/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($211.69)
- NEUTRAL: Trading at premium valuation - market expects 14.8% growth which is achievable
- WARNING: Composite score 50/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$203.40 -
$229.71
Current vs Trading Range
FAIR
Support & Resistance Levels
Support Level
$202.56
Resistance Level
$231.56
Current Trend
Strong Uptrend
Technical data as of
Oct 29, 2026
Fundamental Context
Forward P/E (Next Year Est.)
25.60
Wall Street Target
$211.69
(-3.1%)
Revenue Growth (YoY)
29.9%
Earnings Growth (YoY)
63.5%
Profit Margin
19.2%
Valuation Premium vs History
+14.8% premium
PE vs Historical
25.6 vs 16.9
STRETCHED
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+14.8%
(market-implied from PE analysis)
1-Year Target
$250.75
(+15%)
2-Year Target
$287.86
(+32%)
3-Year Target
$330.46
(+51%)
3-Yr Target (if PE normalizes)
(PE: 26â17)
PE COMPRESSION
$218.16
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 25.6, Growth: 6.9%)
$267.11
(+22%)
Base:
(SPY PE: 19.9, Growth: 6.9%)
$207.23
(-5%)
Bear:
(PE: 16.9, Growth: 6.9%)
$176.14
(-19%)
đ
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (32x PE), but valuation improves significantly next year (26x PE) as earnings recover.
Trailing PE: 32.09 | Current EPS (TTM): $6.97
Bull Case
$301.18
(+38%)
Analyst growth 22.4%, PE expands to 35.3
Base Case
$273.80
(+25%)
Market implied 22.4%, PE stable at 32.1
Bear Case
$152.09
(-30%)
Severe decline -20.0%, PE contracts to 27.3
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 29, 2026 10:17 PM ET
Data refreshes hourly during market hours. Next update: 11:17 PM
Data refreshes hourly during market hours. Next update: 11:17 PM
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Technical Signals Check
Is NTAP showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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Advanced NTAP Option Strategies
Professional options setups generated by AI based on today's NTAP price and gamma walls.
