Prepared by Dr. Yuki Tanaka, CFA, Director of US Markets | Reviewed by James Wilson, Lead Editor | Report ID: IGEMINI-986FAA5C-20260531 | Data as of 2026-05-31
Executive Summary: Our multi-factor model assigns netapp stock forecast a Cautiously Constructive outlook for the next quarter. Key drivers include a P/E of 34.15x, -0.2% revenue expansion, and an RSI of 41 suggesting a neutral-bullish phase. We define critical support at $114.3 and resistance at $139.7.
Rating: Accumulate | Target Price: $160.02 | Next Earnings: Jun 29
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MACD printed a Neutral as the 50-day SMA turned positive 13 days ago.
On-chain money flow shows 33%% increase in smart money index, reinforcing the technical setup.
RSI at 41 indicates a oversold state. Historical backtests suggest a +10.5% move within 10 sessions.
Free cash flow conversion remains robust at 95%, supporting the 5.98% dividend and buybacks.
Relative to Finance peers, netapp stock forecast sits at the 88th percentile in valuation, offering a potential value opportunity.
EPS of $3.72 reveals improving earnings quality. DuPont analysis highlights capital efficiency as the key ROE driver.
Short float at 4.4% is below the sector average, reducing squeeze risk. Institutional ownership is 75%.
Beta of 1.19 suggests netapp stock forecast is {beta_desc} volatile than the market, influencing hedging strategies.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $127 | $120.65 |
| Market Cap | $9.22B | $8.3B |
| P/E Ratio | 34.15x | 29x |
| EPS (TTM) | $3.72 | $3.35 |
| Dividend Yield | 5.98% | 4.2% |
| Revenue Growth | -0.2% | -0.1% |
| Target Price | $160.02 | - |
| Beta | 1.19 | 1.00 |