NTAP Stock Analysis: Buy, Sell, or Hold?
NTAP - NetApp, Inc
$102.04
-0.35 (-0.34%)
▼
5d:
-3.28%
30d:
+3.29%
90d:
-5.88%
BUY
MODERATE Confidence
Analysis Updated: Apr 1, 2026 12:00 AM ET
Earnings: May 28, 2026
Smart Money Accumulation
NTAP is down 3.4% this week, but smart money is accumulating calls. Top strike: $115 2026-04-17 with 185 OI. Call ratio: 69% View Scanner →
Strength: 3.6/10
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: NTAP shows positive signals but monitor for confirmation. Market pricing in 1.4% decline. Moderate conviction.
💡 BUY OPPORTUNITY: NTAP shows positive signals but monitor for confirmation. Market pricing in 1.4% decline. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$138.36
Based on 5.4% avg growth
INTRINSIC VALUE TODAY
$85.91
Trading above fair value
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 12.5x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NTAP is currently trading at $102.04, which is considered slightly high relative to its 30-day fair value range of $98.81 to $103.01. The stock's valuation (Forward PE: 12.0) is in line with its historical norms (12.5). Remarkably, the market is currently pricing in an annual earnings decline of 1.4% over the next few years. This pessimistic expectation contrasts with the company's recent 16.0% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, NTAP is in a uptrend. The price is currently testing key support at $99.60. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: NTAP has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $117.93 (+15.6%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, NTAP is in a uptrend. The price is currently testing key support at $99.60. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: NTAP has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $117.93 (+15.6%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Fair Price Range
$98.81 -
$103.01
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
73.8%
All Signals
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($117.93)
Fair Price Analysis
30-Day Fair Range
$98.81 -
$103.01
Current vs Fair Value
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$99.60
Resistance Level
$107.41
Current Trend
Uptrend
Technical data as of
Apr 1, 2026
Fundamental Context
Forward P/E (Next Year Est.)
11.99
Wall Street Target
$117.93
(+15.6%)
Revenue Growth (YoY)
4.4%
Earnings Growth (YoY)
16.0%
Profit Margin
18.1%
Valuation Discount vs History
-1.4% cheaper
PE vs Historical
12.0 vs 12.5
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-1.4%
(market-implied from PE analysis)
1-Year Target
$100.61
(-1%)
2-Year Target
$99.20
(-3%)
3-Year Target
$97.81
(-4%)
3-Yr Target (if PE normalizes)
(PE: 12→13)
$101.99
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 22.4, Growth: 6.8%)
$231.73
(+127%)
Base:
(SPY PE: 12.0, Growth: 6.8%)
$124.30
(+22%)
Bear:
(PE: 10.2, Growth: 6.8%)
$105.66
(+4%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (17x PE), but valuation improves significantly next year (12x PE) as earnings recover.
Trailing PE: 16.96 | Current EPS (TTM): $5.96
Bull Case
$158.83
(+57%)
Analyst growth 42.8%, PE expands to 18.7
Base Case
$144.39
(+43%)
Market implied 42.8%, PE stable at 17.0
Bear Case
$68.75
(-32%)
Severe decline -20.0%, PE contracts to 14.4
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 12.0 to 12.5
Stabilization Target:
$106.39
(+4.3%)
PE Expansion Potential:
+4.3%
Share & Embed Analysis
Last updated: April 02, 2026 9:21 AM ET
Data refreshes hourly during market hours. Next update: 10:21 AM
Data refreshes hourly during market hours. Next update: 10:21 AM
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Technical Signals Check
Is NTAP showing a specific setup today?
Insider Activity (6 Months)
1
Buys
7
Sells
Net
INSIDERS SELLING
Recent Transactions
Elizabeth M O'callahan
SELL
1000 shares
2026-03-10
John Boozman
BUY
2026-02-27
Elizabeth M O'callahan
SELL
1000 shares
2026-02-10
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Advanced NTAP Option Strategies
Professional options setups generated by AI based on today's NTAP price and gamma walls.
