NTAP Maintained by Citigroup -- Price Target Lowered to $190

gurufocus.com · 2026-09-03

NetApp (NTAP) Analyst Rating Update On September 3, 2026, Citigroup maintained a neutral rating on NetApp (NTAP) while lowering the price target from $209.00

TickrTrends take: NetApp trades in a Technology sector environment where NTAP is currently assessed as overvalued by TickrTrends metrics. Citigroup's reduction of its price target to $190 aligns with concerns about valuation levels, as analyst downgrades to price targets typically reflect reassessment of fair value relative to current trading levels. Investors focused on valuation should monitor whether the stock's trading price moves closer to the newly established $190 target, as this could signal a convergence between market price and analyst-derived fundamental value.

Read the full story at gurufocus.com →