Key facts, as of
As of September 29, 2026, NetApp Inc. (NTAP) trades at $209.18, up 76.4% over the past year. It is at the top of its 52-week range ($93.69 to $210.04). It sits 52.4% above its 200-day average of $137.25, the usual sign of a long-term uptrend. Its 30-day volatility is 42.9% annualized, which we rate high risk. It has a trailing P/E of 29.6 and a dividend yield of 1.02%.
Cite: Portfolio Terminal, "NetApp Inc. (NTAP) stock analysis", 2026-09-29. https://portfolio-terminal.com/analyse/ntap
Where it trades today
trading 99% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- NTAP is valued near its sector range at 29.6x earnings versus 28.5x for peers, so the next move likely needs a real earnings or guidance catalyst.
- Recent realized volatility is running around 42.9%, above the sector norm of 28.0%, so position sizing matters more than usual.
- NTAP is in a bullish short-term regime and only 0.4% below its 52-week high, so the question is whether fundamentals can keep pace with that stronger tape.
Portfolio Use Case
- NTAP is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in NTAP.
- If the short-term trend rolls over while volume fades, the market may stop paying up for momentum before the fundamentals change.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
Methodology
- Price, market cap, beta, yield, and liquidity fields for NTAP come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for NTAP. Last refresh: Sep 29, 2026, 10:33 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What NetApp Inc. does
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also…
Employees
11,700
Industry
Software - Infrastructure
Headquarters
San Jose, United States
What analysts expect
NTAP carries a buy consensus from 16 analysts, with an average price target of $197.00 versus $209.18 today (-5.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
NTAP generated $7.39B in trailing revenue (29.9% year over year), with a 19.2% net margin, and $1.17B of free cash flow, supported by $1.04B of net cash.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2026 | $6.92B | $4.90B | $1.70B | $1.28B | $6.41 | $1.87B |
| 2025 | $6.57B | $4.61B | $1.43B | $1.19B | $5.81 | $1.34B |
| 2024 | $6.27B | $4.43B | $1.27B | $986.00M | $4.74 | $1.53B |
| 2023 | $6.36B | $4.21B | $1.16B | $1.27B | $5.87 | $868.00M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
NTAP beside the technology names it is usually measured against.
What the chart is saying
Trading at its high for the year, with no resistance overhead.
uptrend- Price is 10.5% above its 50-day average and 52.4% above its 200-day.
- The 50-day crossed above the 200-day on 2026-05-28 (a “golden cross”).
- RSI at 66 is neither stretched nor washed out.
- Nothing above has stopped it this year; the nearest floor is $162.83 (-22.2%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is NTAP a good buy right now?
NetApp Inc. trades at 29.6x earnings. This is near market average. Current risk level is High based on 42.9% volatility.
Does NTAP pay dividends?
Yes, NetApp Inc. offers a dividend yield of 1.02%. That is roughly $2.13 per share a year.
How volatile is NTAP?
With 30-day annualized volatility of 42.9% and beta of 1.43, NTAP is classified as High risk. Expect larger swings than the broader market during volatile periods.
What is the analyst price target for NTAP?
The average analyst price target for NetApp Inc. (NTAP) is $197.00 based on 16 analyst estimates, about 5.8% below the current price of $209.18. The published range runs from $170.00 to $219.00.
How much revenue does NTAP generate?
NetApp Inc. reported $7.39B in trailing twelve-month revenue. Revenue growth is running at 29.9% year over year. Net margin sits at 19.2%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare NTAP with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.