NetApp, Inc. (NTAP) fair value analysis

S&P 500 & Nasdaq · Updated 2026-09-07

NetApp, Inc. is a technology company that develops and sells data storage and management software solutions, including cloud storage services and hybrid cloud infrastructure products. The company operates globally, serving customers across North America, Europe, Asia-Pacific, and other international markets.

Forward Fair Value verdict

Overvalued

Based on TickrTrends' weekly Forward Fair Value model, NTAP is trading at more than a 25% premium to estimated fair value.

NTAP currently ranks #168 of 199 Technology stocks by discount to Forward Fair Value. It has screened as Overvalued for 3 consecutive weekly runs.

Last price: $185.59
Sector: Technology
12-month range: $97.46–$183.16

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: D
Leverage: High
Margin trend: Contracting
Revenue growth: Declining
RSI zone: Neutral
50/200-day trend: Uptrend
52-week position: The top quarter of its range
DCF cross-check: Overvalued

What our data shows for NTAP

Our model validated 17 trailing price-to-earnings windows for NTAP, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $97.46–$183.16.
The 14-day relative strength index sits at a neutral 49.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for NTAP
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent NTAP news

TickrTrends' derived news-sentiment signal for NTAP is currently leaning positive, computed from recent coverage.

NetApp, Inc. 2027 Q1 - Results - Earnings Call Presentation (NASDAQ:NTAP) 2026-09-07 (seekingalpha.com, 2026-09-07)
TickrTrends take: NetApp released its 2027 Q1 earnings presentation, providing insights into the company's recent financial performance and operational trends. Given TickrTrends' current overvalued assessment of NTAP, investors focused on valuation should monitor whether management commentary addresses cost efficiency, margin expansion, or capital allocation decisions that could justify current market pricing. The Technology sector context is relevant, as growth expectations and competitive positioning in data storage and cloud solutions significantly influence how the market values NTAP relative to its peers.
NTAP Maintained by Northland Capital Markets -- Price Target Raised to $187 (gurufocus.com, 2026-09-03)
TickrTrends take: Northland Capital Markets raised its price target for NetApp to 187, though this action occurs within a context where TickrTrends currently assesses the stock as overvalued based on its derived valuation metrics. For investors focused on valuation, the gap between analyst price targets and TickrTrends' overvalued assessment suggests monitoring whether fundamental improvements in the Technology sector or at NTAP specifically might narrow this divergence. The maintenance of coverage alongside the target increase indicates analyst conviction, but valuation-conscious readers should track whether earnings growth or margin expansion materializes to justify current or higher price levels.
NTAP Maintained by Citigroup -- Price Target Lowered to $190 (gurufocus.com, 2026-09-03)
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.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — TickrTrends' derived indicators for NTAP show a decline in momentum status this week, with the momentum indicator downgrading from A to none. The Technology sector stock, which carries a current valuation verdict of overvalued, reflects this shift in its technical momentum standing. This change suggests a weakening in the stock's price momentum compared to the previous week's assessment.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is NTAP stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), NTAP is trading at more than a 25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.

What is NTAP's TickrTrends verdict?

NTAP's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.

How does NTAP compare to other Technology stocks?

NTAP ranks #168 of 199 Technology stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is NTAP overbought or oversold?

NTAP's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Technology fair-value coverage →

Head-to-head comparisons

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