NetApp, Inc. (NTAP) fair value analysis
S&P 500 & Nasdaq · Updated 2026-10-19
NTAP price how computed
Forward Fair Value verdict
OvervaluedNTAP is trading at more than a 25% premium to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $237.15
- Sector
- Technology
- 12-month range
- $94.11–$239.18
- Market cap
- $46.6B
- From 52-week high
- -0.8%
- Shares outstanding
- 196M
- Rank in Technology by discount to fair value
- #144 of 181
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
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.
NTAP currently ranks #144 of 181 Technology stocks by discount to fair value. It has screened as Overvalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $46.6B
- P/E (trailing)
- 30x
- Revenue (TTM)
- $7.39B
- Net margin
- 19.2%
- EPS (TTM)
- $7.85
- Gross margin
- 70.1%
- Debt / equity
- 1.69
- Revenue growth (3-yr avg)
- 9.9%
- Shares outstanding
- 196M
Derived indicators how computed
- Quality grade
- C
- Margin trend
- Stable
- 52-week position
- The top quarter of its range
- DCF cross-check
- Overvalued
Technicals how computed
- RSI (14-day)
- 46 · neutral
- 50-day average
- $202.05
- 200-day average
- $144.61
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $2.08 per share (4 payments)
- Yield on last price
- 0.88%
- Consecutive years of increases
- 2
- Last ex-dividend date
- 2026-10-09
- Last payment date
- 2026-10-28
Earnings how computed
- Next earnings report
- 2026-11-24
- Last 8 quarters vs consensus
- 7 beat, 0 missed
- Quarter by quarter
- 2026-07 ▲ beat (+21.5%)
2026-04 ▲ beat (+8.0%)
2026-01 ▲ beat (+0.6%)
2025-10 ▲ beat (+9.0%)
2025-07 ▲ beat (+0.6%)
2025-04 ▲ beat (+1.6%)
2025-01 ▬ met (0.0%)
2024-10 ▲ beat (+5.1%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 8 buy · 12 hold · 0 sell (20 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $212
- Target vs last price
- -10.6%
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 $94.11–$239.18.
- The 14-day relative strength index sits at a neutral 46.
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
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent NTAP news
TickrTrends' derived news-sentiment signal for NTAP is currently leaning positive, computed from recent coverage.
- Financial Exchanges CME, Cboe, ICE, Nasdaq Benefiting From Sector Rotation Out Of AI Stocks (investors.com, 2026-10-22)
TickrTrends take: NetApp operates in the Technology sector, which has experienced significant capital flows as investors have rotated away from artificial intelligence stocks toward financial exchange operators. TickrTrends currently assesses NetApp as overvalued, which takes on additional context given that technology sector valuations face potential headwinds from this rotation away from AI-related holdings. Investors focused on valuation metrics should monitor whether NetApp's current pricing reflects the sector's shifting investor sentiment and capital allocation patterns. - A Look at NetApp Inc (NTAP) After 3.5% Gain -- GF Value $136.25 vs Price $217.21 (gurufocus.com, 2026-10-21)
TickrTrends take: NetApp Inc trades at a significant premium to its GuruFocus estimated fair value, with the market price substantially exceeding the calculated valuation target. This substantial gap between current trading levels and the derived value estimate aligns with TickrTrends' assessment that the stock is overvalued in the Technology sector. Investors focused on valuation metrics should monitor whether the company's earnings growth and operational performance can justify the current market premium, or whether a convergence toward the lower valuation estimate may occur. - NetApp Inc (NTAP) -- Cloud Data Management Leader | Shelton Equity Income Strategy Q3 2026 (gurufocus.com, 2026-10-21)
TickrTrends take: NetApp operates in a competitive technology sector where cloud data management capabilities are increasingly commoditized, which presents a challenge for maintaining premium valuations against rivals offering similar services. TickrTrends currently rates NTAP as overvalued, suggesting the market may be pricing in stronger growth prospects or margin expansion than fundamentals currently support. Investors focused on valuation metrics should monitor whether NetApp can demonstrate differentiated performance in cloud adoption cycles or pricing power to justify its current market position.
More NTAP news
- NetApp Inc. (NTAP) -- Cloud Data Management Leader | Distillate Capital Q3 2026 (gurufocus.com, 2026-10-20)
- Dell Loses 18% in a Week as Barclays Shakes AI Optimism (financefeeds.com, 2026-10-19)
- Here is What to Know Beyond Why NetApp, Inc. (NTAP) is a Trending Stock (zacks.com, 2026-10-15)
- NTAP Downgraded by Barclays -- Rating Changed to Equal-Weight (gurufocus.com, 2026-10-14)
- A Longtime NetApp (NTAP) Shareholder Gets a Clear Answer From Jim Cramer (insidermonkey.com, 2026-10-10)
- Can AWS Transform Make NetApp (NTAP) the Default Storage Landing Zone in the Cloud? (insidermonkey.com, 2026-10-08)
- NetApp: After Doubling This Year, There Are Further Gains Ahead (NASDAQ:NTAP) (seekingalpha.com, 2026-10-05)
What people are saying
Follow the NTAP conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — NTAP's relative strength index moved from overbought territory into neutral zone this week, indicating a moderation in recent price momentum. The stock's sector discount ranking declined to 183rd from 177th among technology companies, suggesting it has become relatively less discounted compared to its peer group. Current valuation assessment indicates the stock is trading at levels above fundamental value.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — TickrTrends' derived indicators for NTAP showed shifts this week within the Technology sector. The Relative Strength Index moved from neutral territory into overbought zone, while the company's sector discount rank declined from 160 to 173, indicating a weaker position relative to other Technology stocks. The current valuation verdict remains Overvalued.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is NTAP stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), 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 #144 of 181 Technology stocks in TickrTrends' coverage by discount to fair value.
Is NTAP overbought or oversold?
NTAP's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does NTAP pay a dividend?
Yes. NTAP paid $2.08 per share over the last twelve months (4 payments), a 0.88% yield on TickrTrends' last price, and has raised the annual total for 2 consecutive years. The last ex-dividend date was 2026-10-09.
When does NTAP report earnings next?
NTAP's next earnings report is scheduled for 2026-11-24, per the published earnings calendar.
Does NTAP usually beat earnings estimates?
Over its last 8 reported quarters NTAP beat the consensus estimate 7 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about NTAP?
Of 20 analysts covering NTAP, 8 rate it a buy, 12 a hold and 0 a sell - hold-leaning, with a consensus price target of $212 (-10.6% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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