Several analysts have recently updated their ratings and price targets for NetApp (NASDAQ: NTAP):
- 10/26/2026 – NetApp is now covered by Guggenheim. They set a “neutral” rating on the stock.
- 10/14/2026 – NetApp was downgraded by Barclays from “overweight” to “equal weight”. They now have a $219.00 price target on the stock.
- 10/8/2026 – NetApp was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 10/7/2026 – NetApp was upgraded by Evercore from “in-line” to “outperform”. They now have a $300.00 price target on the stock.
- 10/7/2026 – NetApp was given a new $300.00 price target by Loop Capital.
- 10/7/2026 – NetApp was upgraded by Cantor Fitzgerald to “overweight”.
- 10/6/2026 – NetApp had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $240.00 price target on the stock, up from $210.00.
- 10/6/2026 – NetApp had its price target raised by TD Cowen from $200.00 to $250.00. They now have a “buy” rating on the stock.
- 10/2/2026 – NetApp had its price target raised by Loop Capital from $215.00 to $260.00. They now have a “buy” rating on the stock.
- 9/30/2026 – NetApp had its price target raised by Bank of America from $200.00 to $220.00. They now have a “neutral” rating on the stock.
- 9/16/2026 – NetApp had its price target raised by Daiwa Securities Group from $180.00 to $210.00. They now have an “outperform” rating on the stock.
- 9/11/2026 – NetApp was given a new $225.00 price target by Argus. They now have a “buy” rating on the stock.
- 9/9/2026 – NetApp was upgraded by Zacks Research from “hold” to “strong-buy”.
- 9/5/2026 – NetApp was upgraded by Wall Street Zen from “buy” to “strong-buy”.
- 9/4/2026 – NetApp had its “buy (b-)” rating reaffirmed by Weiss Ratings.
- 9/3/2026 – NetApp had its price target raised by Northland Securities from $171.00 to $187.00. They now have an “outperform” rating on the stock.
- 9/3/2026 – NetApp had its price target raised by UBS Group from $160.00 to $171.00. They now have a “neutral” rating on the stock.
- 9/3/2026 – NetApp had its price target raised by Wells Fargo & Company from $180.00 to $190.00. They now have an “equal weight” rating on the stock.
- 9/3/2026 – NetApp had its price target raised by Barclays from $199.00 to $219.00. They now have an “overweight” rating on the stock.
- 9/3/2026 – NetApp had its “positive” rating reaffirmed by Wells Fargo & Company.
- 9/3/2026 – NetApp had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $210.00 price target on the stock, up from $200.00.
- 9/3/2026 – NetApp had its price target lowered by Citigroup from $209.00 to $190.00. They now have a “neutral” rating on the stock.
- 9/3/2026 – NetApp had its “buy” rating reaffirmed by TD Cowen. They now have a $200.00 price target on the stock.
- 9/3/2026 – NetApp had its price target raised by Morgan Stanley from $173.00 to $191.00. They now have an “equal weight” rating on the stock.
- 9/3/2026 – NetApp had its price target raised by Wedbush from $150.00 to $170.00. They now have a “neutral” rating on the stock.
- 9/3/2026 – NetApp had its price target raised by Susquehanna from $185.00 to $195.00. They now have a “neutral” rating on the stock.
- 8/31/2026 – NetApp had its price target raised by Bank of America from $180.00 to $206.00. They now have a “neutral” rating on the stock.
NetApp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.08 annualized dividend and a yield of 0.9%. NetApp’s payout ratio is currently 29.34%.
Insiders Place Their Bets
In other news, CEO George Kurian sold 50,000 shares of NetApp stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $209.95, for a total value of $10,497,500.00. Following the sale, the chief executive officer directly owned 218,537 shares of the company’s stock, valued at approximately $45,881,843.15. The trade was a 18.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Cesar Cernuda sold 2,608 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the sale, the president owned 46,530 shares in the company, valued at $9,514,454.40. This represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 173,524 shares of company stock valued at $35,018,126. Insiders own 0.36% of the company’s stock.
NetApp, Inc is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises data centers, public clouds and hybrid environments. Its offerings support enterprise applications, artificial intelligence workloads, business analytics, backup and disaster recovery.
The company’s portfolio includes all-flash and hybrid-flash storage systems, the ONTAP data management operating system, StorageGRID object storage and Keystone storage-as-a-service.
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