NetApp (NASDAQ:NTAP) Price Target Raised to $150.00 at JPMorgan Chase & Co.

Posted by on May 29th, 2026

NetApp (NASDAQ:NTAP – Get Free Report) had its target price raised by research analysts at JPMorgan Chase & Co. from $110.00 to $150.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the data storage provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 13.50% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Weiss Ratings cut NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Bank of America increased their price objective on NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday. Northland Securities increased their price objective on NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays reissued an “overweight” rating and set a $199.00 target price on shares of NetApp in a report on Friday. Finally, UBS Group reissued a “neutral” rating and set a $160.00 target price on shares of NetApp in a report on Friday. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $157.50.

Read Our Latest Analysis on NTAP

NetApp Stock Performance

NTAP stock traded up $31.02 during trading hours on Friday, hitting $173.42. 11,643,242 shares of the stock were exchanged, compared to its average volume of 2,575,759. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $34.22 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.60 and a beta of 1.28. The company has a 50-day simple moving average of $110.99 and a two-hundred day simple moving average of $107.48. NetApp has a 12 month low of $93.69 and a 12 month high of $192.83.

NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.24). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business 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, analysts forecast that NetApp will post 6.48 earnings per share for the current fiscal 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 dated Monday, May 11th. The stock was sold at an average price of $117.73, for a total value of $117,730.00. Following the sale, the executive vice president directly owned 18,382 shares of the company’s stock, valued at $2,164,112.86. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lorenzo Daniel De sold 275 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 1,090 shares in the company, valued at $130,800. This trade represents a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,275 shares of company stock worth $347,650. 0.28% of the stock is currently owned by insiders.

Institutional Trading of NetApp

Large investors have recently bought and sold shares of the business. Rossby Financial LCC boosted its stake in 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 in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in NetApp in the third quarter valued at about $27,000. Park Square Financial Group LLC boosted its stake in NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after buying an additional 103 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in NetApp in the fourth quarter valued at about $30,000. Finally, DV Equities LLC acquired a new stake in NetApp in the fourth quarter valued at about $30,000. 92.17% of the stock is owned by institutional investors and hedge funds.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

NetApp Company Profile

(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.

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Analyst Recommendations for NetApp (NASDAQ:NTAP)

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