NetApp Receives 'Hold' Rating from Analysts

Fifteen firms cover the data storage company, with mixed recommendations

Mar. 31, 2026 at 8:40am

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An extreme close-up of interlocking metal components and circuits, representing the complex machinery that underpins NetApp's data storage and management solutions.NetApp's robust data storage hardware and software powers the digital infrastructure of enterprises, though its stock performance faces mixed analyst sentiment.Sunnyvale Today

Shares of NetApp, Inc. (NASDAQ:NTAP) have received an average 'Hold' rating from 15 ratings firms currently covering the company, according to MarketBeat Ratings. Nine analysts have rated the stock as 'Hold', five as 'Buy', and one as 'Strong Buy'. The average 12-month price target among brokerages is $122.42.

Why it matters

NetApp's mixed analyst ratings reflect the company's position in the competitive data storage market, where it faces both opportunities and challenges. The 'Hold' consensus suggests analysts see the stock as fairly valued currently, with potential upside balanced by near-term headwinds.

The details

The ratings come from 15 different firms covering NetApp. Nine analysts have a 'Hold' recommendation, five have a 'Buy' rating, and one has issued a 'Strong Buy'. The average 12-month price target is $122.42, implying potential upside from the current share price around $101.

  • NetApp reported its latest quarterly results on February 26, 2026.

The players

NetApp, Inc.

A data management and storage company that delivers hybrid cloud data services for applications and data. NetApp is headquartered in Sunnyvale, California.

The Goldman Sachs Group

One of the investment banks that initiated coverage on NetApp, rating the stock as 'Buy' with a $128 price target.

Weiss Ratings

A ratings agency that downgraded NetApp from 'Buy' to 'Hold' in a recent report.

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What they’re saying

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The takeaway

NetApp's mixed analyst ratings reflect the company's position in the competitive data storage market, where it faces both opportunities and challenges. The 'Hold' consensus suggests analysts see the stock as fairly valued currently, with potential upside balanced by near-term headwinds.