NTAP Stock Analysis: Buy, Sell, or Hold?
NTAP - NetApp, Inc
$181.08
5.44 (3.10%)
▲
5d:
+26.86%
30d:
+63.22%
90d:
+81.9%
WAIT
LOW Confidence
Analysis Updated: Jun 3, 2026 12:00 AM ET
Earnings: May 28, 2026
0d
Smart Money Distribution
None View Scanner →
Strength: 8.6/10
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3 traders called NTAP this week
33% bullish • 2 bearish
33% bullish • 2 bearish
Interactive Price Chart (1 Month)
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Bottom Line:
⏸️ WAIT FOR BETTER ENTRY: NTAP is 19.8% above its trading range ($151.18). Market expects 17.9% annual growth, but current price leaves little margin for error. While momentum could continue, risk/reward favors waiting for a pullback.
⏸️ WAIT FOR BETTER ENTRY: NTAP is 19.8% above its trading range ($151.18). Market expects 17.9% annual growth, but current price leaves little margin for error. While momentum could continue, risk/reward favors waiting for a pullback.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$143.48
Based on 5.5% avg growth
INTRINSIC VALUE TODAY
$89.09
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 12.9x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NTAP is currently trading at $181.08, which is considered extended relative to its 30-day fair value range of $105.62 to $151.18. From a valuation perspective, the stock is trading at a premium (Forward PE: 21.2) compared to its historical average (12.9). At these levels, the market is pricing in 17.9% 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 uptrend. Immediate support is located at $118.65, while resistance sits at $192.83. The stock is showing strong short-term momentum, up 3.1% recently.
Market Sentiment: NTAP has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, NTAP is in a uptrend. Immediate support is located at $118.65, while resistance sits at $192.83. The stock is showing strong short-term momentum, up 3.1% recently.
Market Sentiment: NTAP has a strong technical setup (60/100), with favorable trendlines, momentum, and price action for short-term traders. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$105.62 -
$151.18
Company Quality Score
63/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
49.0%
Protect Your Profits
NTAP is technically overbought (RSI 88). Consider hedging now to protect against a potential pullback while keeping your upside.
View Profit Protection PlanAll Signals
- BEARISH: Price significantly overextended (+19.8% above its trading range)
- BULLISH: Strong technical setup (60/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+3.1%)
- BEARISH: Trading above Wall St target ($163.07)
- NEUTRAL: Trading at premium valuation - market expects 17.9% growth which is achievable
- WARNING: Recommendation downgraded due to 19.8% overvaluation
Trading Range Analysis
30-Day Trading Range
$105.62 -
$151.18
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$118.65
Resistance Level
$192.83
Current Trend
Uptrend
Technical data as of
Jun 3, 2026
Fundamental Context
Forward P/E (Next Year Est.)
21.22
Wall Street Target
$163.07
(-9.9%)
Revenue Growth (YoY)
12.5%
Earnings Growth (YoY)
23.5%
Profit Margin
18.4%
Valuation Premium vs History
+17.9% premium
PE vs Historical
21.2 vs 12.9
STRETCHED
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+17.9%
(market-implied from PE analysis)
1-Year Target
$213.49
(+18%)
2-Year Target
$251.71
(+39%)
3-Year Target
$296.76
(+64%)
3-Yr Target (if PE normalizes)
(PE: 21→13)
PE COMPRESSION
$180.39
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.9, Growth: 6.9%)
$228.62
(+26%)
Base:
(SPY PE: 21.2, Growth: 6.9%)
$221.45
(+22%)
Bear:
(PE: 12.9, Growth: 6.9%)
$134.61
(-26%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (23x PE), but valuation improves significantly next year (21x PE) as earnings recover.
Trailing PE: 23.32 | Current EPS (TTM): $6.12
Bull Case
$218.91
(+54%)
Analyst growth 39.4%, PE expands to 25.7
Base Case
$199.01
(+40%)
Market implied 39.4%, PE stable at 23.3
Bear Case
$97.06
(-32%)
Severe decline -20.0%, PE contracts to 19.8
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: June 03, 2026 8:24 PM ET
Data refreshes hourly during market hours. Next update: 9:24 PM
Data refreshes hourly during market hours. Next update: 9:24 PM
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Technical Signals Check
Is NTAP showing a specific setup today?
Insider Activity (6 Months)
1
Buys
6
Sells
Net
INSIDERS SELLING
Recent Transactions
Elizabeth M O'callahan
SELL
1000 shares
2026-04-10
Ro Khanna
SELL
2026-03-23
Elizabeth M O'callahan
SELL
1000 shares
2026-03-10
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