Netapp Inc [NTAP] stock prices are up 3.88% to $88.17 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NTAP shares have gain 8.38% over the last week, with a monthly amount drifted -6.59%, 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.
The stock price of Netapp Inc [NTAP] has been fluctuating between $71.84 and $135.45 over the past year. Currently, Wall Street analysts expect the stock to reach $130 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $88.17 at the most recent close of the market. An investor can expect a potential return of 47.44% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
The Netapp Inc [NASDAQ:NTAP] reported sales of 6.51B for trailing twelve months, representing a surge of 2.56%. 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 86.08 points at the first support level, and at 83.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.30, and for the 2nd resistance point, it is at 90.43.
Ratios To Look Out For
It’s worth pointing out that Netapp Inc [NASDAQ:NTAP]’s Current Ratio is 0.92. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 17.99 and price to earnings (TTM) ratio is 16.32.
Transactions by insiders
Recent insider trading involved Kurian George, CEO, that happened on Apr 21 ’25 when 8500.0 shares were sold. Officer, GEORGE KURIAN completed a deal on Apr 21 ’25 to buy 8500.0 shares. Meanwhile, Officer ELIZABETH O’CALLAHAN bought 451.0 shares on Apr 10 ’25.
