At the time of writing, Netapp Inc [NTAP] stock is trading at $82.28, down -4.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTAP shares have gain 0.82% over the last week, with a monthly amount drifted -10.07%, 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 28, 2025, when TD Cowen reiterated its Buy rating and also revised its price target to $130 from $160. Previously, BofA Securities upgraded its rating to Neutral on February 19, 2025, and elevated its price target to $128. On February 10, 2025, downgrade downgraded it’s rating to Neutral. JP Morgan upgraded its rating to a Overweight but stick to its price target of $160 on December 16, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $160 on November 22, 2024. In a note dated November 13, 2024, Oppenheimer initiated an Perform rating.
For the past year, the stock price of Netapp Inc fluctuated between $71.84 and $135.45. Currently, Wall Street analysts expect the stock to reach $130 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $82.28 at the most recent close of the market. An investor can expect a potential return of 58.0% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
According to Netapp Inc [NASDAQ:NTAP], the company’s sales were 6.51B for trailing twelve months, which represents an 2.56% jump. 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 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 1.15 and Total Capital is 0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.0.
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 80.15 points at the first support level, and at 78.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.08, and for the 2nd resistance point, it is at 85.87.
Ratios To Look Out For
It is important to note that Netapp Inc [NASDAQ:NTAP] has a current ratio of 0.92. On the other hand, the Quick Ratio is 0.85, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 16.79 and price to earnings (TTM) ratio is 15.23.
Transactions by insiders
Recent insider trading involved ELIZABETH O’CALLAHAN, Officer, that happened on Apr 10 ’25 when 451.0 shares were purchased. Director, GUSTAFSSON ANDERS completed a deal on Mar 27 ’25 to buy 2800.0 shares. Meanwhile, Director GUSTAFSSON ANDERS bought 2724.0 shares on Mar 28 ’25.
