NetApp (NASDAQ:NTAP) Given New $185.00 Price Target at Susquehanna

Posted by Sarita Garza on May 29th, 2026

NetApp (NASDAQ:NTAP – Get Free Report) had its target price upped by investment analysts at Susquehanna from $110.00 to $185.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the data storage provider’s stock. Susquehanna’s target price would suggest a potential downside of 3.44% from the company’s current price.

A number of other research firms have also weighed in on NTAP. Wall Street Zen lowered NetApp from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Northland Securities lifted their price objective on shares of NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America upped their price objective on shares of NetApp from $118.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Barclays reissued an “overweight” rating and issued a $199.00 price objective on shares of NetApp in a research report on Friday. Finally, Wedbush restated a “neutral” rating and set a $115.00 target price on shares of NetApp in a research note on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.33.

Check Out Our Latest Report on NetApp

NetApp Stock Performance

NASDAQ:NTAP traded up $49.18 during mid-day trading on Friday, hitting $191.58. The stock had a trading volume of 2,794,513 shares, compared to its average volume of 2,500,818. NetApp has a twelve month low of $93.69 and a twelve month high of $190.89. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The stock has a market cap of $37.80 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.60 and a beta of 1.28. The company’s 50 day simple moving average is $110.99 and its 200 day simple moving average is $107.48.

NetApp (NASDAQ:NTAP – Get Free Report) last announced 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). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. 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 research analysts forecast that NetApp will post 6.48 earnings per share for the current year.

Insider Buying and Selling at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $2,164,112.86. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lorenzo Daniel De sold 275 shares of NetApp stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $120.00, for a total value of $33,000.00. Following the sale, the chief accounting officer directly owned 1,090 shares in the company, valued at $130,800. The trade was a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,275 shares of company stock valued at $347,650 over the last quarter. Company insiders own 0.28% of the company’s stock.

Institutional Trading of NetApp

Several institutional investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in NetApp during the 3rd quarter worth $27,000. Rossby Financial LCC increased its stake in shares of NetApp by 105.5% in the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after buying an additional 115 shares during the period. Park Square Financial Group LLC raised its position in shares of NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 103 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in shares of NetApp in the fourth quarter worth approximately $30,000. Finally, DV Equities LLC bought a new stake in NetApp in the fourth quarter valued at approximately $30,000. Institutional investors own 92.17% of the company’s stock.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

Positive Sentiment: NetApp reported fiscal Q4 revenue of $1.95 billion, up 12.5% year over year and above Wall Street estimates, showing continued demand for its data storage products. NetApp (NTAP) Q4 Earnings and Revenues Top Estimates
Positive Sentiment: Management raised first-quarter and full-year FY 2027 guidance above consensus, signaling confidence in growth and execution going forward. Wamsi Mohan Reiterates Hold on NetApp, Lifts Price Target to $150 Amid Strong Execution but Valuation and Margin Headwinds
Positive Sentiment: NetApp announced a new $1 billion share repurchase program and a quarterly dividend, both of which can support shareholder returns. NetApp Announces New $1 Billion Share Repurchase Program
Neutral Sentiment: Analysts remain split: Bank of America raised its target to $150 but kept a Hold rating, while Morgan Stanley lifted its target to $137 but maintained an Underweight view, suggesting valuation concerns remain. Benzinga analyst update on NetApp price target
Negative Sentiment: NetApp’s Q4 EPS of $2.03 missed expectations, and some coverage notes margin and valuation headwinds, which may limit upside if investors focus on profitability rather than sales growth. NetApp (NTAP) Stock Falls on Q4 2026 Earnings

About NetApp

(Get Free Report)

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.