A share price of Netapp Inc [NTAP] is currently trading at $124.47, down -0.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NTAP shares have gain 5.72% over the last week, with a monthly amount drifted -1.25%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Netapp Inc [NASDAQ: NTAP] stock has seen the most recent analyst activity on February 19, 2025, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $128 from $121. Previously, Susquehanna downgraded its rating to Neutral on February 10, 2025. On December 16, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $160 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $160 on November 22, 2024. Cleveland Research initiated its recommendation with a Neutral. In a note dated September 03, 2024, Loop Capital upgraded an Buy rating on this stock and boosted its target price from $121 to $150.
Netapp Inc experienced fluctuations in its stock price throughout the past year between $83.80 and $135.45. Currently, Wall Street analysts expect the stock to reach $124.67 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $124.47 at the most recent close of the market. An investor can expect a potential return of 0.16% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
Trailing Twelve Months sales for Netapp Inc [NASDAQ:NTAP] were 6.47B which represents 6.22% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 1.16 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 122.90 points at the first support level, and at 121.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.50, and for the 2nd resistance point, it is at 128.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netapp Inc [NASDAQ:NTAP] is 0.90. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 3.91, the price to book ratio is 28.33 and price to earnings (TTM) ratio is 22.84.
Transactions by insiders
Recent insider trading involved De Lorenzo Daniel, VP, Controller & CAO, that happened on Feb 19 ’25 when 299.0 shares were sold. CEO, Kurian George completed a deal on Feb 18 ’25 to sell 8500.0 shares. Meanwhile, Officer GEORGE KURIAN bought 8500.0 shares on Feb 18 ’25.
