NetApp (NTAP) Stock: Buy, Sell, or Hold?
NTAP - NetApp, Inc
$217.21
7.24 (3.45%)
â˛
5d:
-2.25%
30d:
+12.6%
90d:
+31.93%
WAIT
LOW Confidence
Analysis Updated: Oct 21, 2026 12:00 AM ET
Earnings: Nov 24, 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 15.2% 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 15.2% 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
$185.75
Based on 5.5% avg growth
INTRINSIC VALUE TODAY
$115.33
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 16.7x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NTAP is currently trading at $217.21, which is considered fair relative to its 30-day fair value range of $195.04 to $226.88. From a valuation perspective, the stock is trading at a premium (Forward PE: 25.5) compared to its historical average (16.7). At these levels, the market is pricing in 15.2% 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 $240.87. The stock is showing strong short-term momentum, up 3.4% recently.
Market Sentiment: NTAP scores 30/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. 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 $240.87. The stock is showing strong short-term momentum, up 3.4% recently.
Market Sentiment: NTAP scores 30/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
FAIR
Historical Trading Range
$195.04 -
$226.88
Company Quality Score
46/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
49.0%
Protect Your Profits
Holding NTAP? Use our AI-powered strategies to protect your downside while keeping your long-term position.
View Profit Protection PlanAll Signals
- NEUTRAL: Price in fair range
- BEARISH: Weak technical setup (30/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+3.4%)
- NEUTRAL: Near Wall St target ($211.69)
- NEUTRAL: Trading at premium valuation - market expects 15.2% growth which is achievable
- WARNING: Composite score 46/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$195.04 -
$226.88
Current vs Trading Range
FAIR
Support & Resistance Levels
Support Level
$202.56
Resistance Level
$240.87
Current Trend
Strong Uptrend
Technical data as of
Oct 21, 2026
Fundamental Context
Forward P/E (Next Year Est.)
25.46
Wall Street Target
$211.69
(-2.5%)
Revenue Growth (YoY)
29.9%
Earnings Growth (YoY)
63.5%
Profit Margin
19.2%
Valuation Premium vs History
+15.2% premium
PE vs Historical
25.5 vs 16.7
STRETCHED
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+15.2%
(market-implied from PE analysis)
1-Year Target
$250.23
(+15%)
2-Year Target
$288.26
(+33%)
3-Year Target
$332.08
(+53%)
3-Yr Target (if PE normalizes)
(PE: 25â17)
PE COMPRESSION
$217.84
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 25.5, Growth: 6.9%)
$265.63
(+22%)
Base:
(SPY PE: 19.9, Growth: 6.9%)
$207.23
(-5%)
Bear:
(PE: 16.7, Growth: 6.9%)
$174.26
(-20%)
đ
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (30x PE), but valuation improves significantly next year (25x PE) as earnings recover.
Trailing PE: 29.61 | Current EPS (TTM): $7.09
Bull Case
$277.96
(+28%)
Analyst growth 20.3%, PE expands to 32.6
Base Case
$252.69
(+16%)
Market implied 20.3%, PE stable at 29.6
Bear Case
$142.78
(-34%)
Severe decline -20.0%, PE contracts to 25.2
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 22, 2026 7:38 AM ET
Data refreshes hourly during market hours. Next update: 8:38 AM
Data refreshes hourly during market hours. Next update: 8:38 AM
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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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