# NetApp, Inc. – Consensus ‘hold’ rating and -2.3% Downside Potential

- Link: https://www.directorstalkinterviews.com/netapp-inc.consensus-hold-rating-and-2.3-downside-potential-2/4121163301
- Published: 2024-07-01T13:58:50+01:00
- Author: Charlotte Edwards

**NetApp, Inc.** which can be found using ticker (NTAP) have now 15 market analysts
covering the stock. The analyst consensus now points to a rating of ‘hold’. The 
range between the high target price and low target price is between $155.00 and 
$105.00 and has a mean target at $126.01. Now with the previous closing price of
$129.03 this is indicating there is a potential downside of -2.3%. The 50 day moving
average now sits at $114.43 and the 200 day MA is $93.96. The market cap for the
company is 26.51B. The stock price is currently at: $128.80 USD

 The potential market cap would be $25,886,884,630 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 27.88, revenue per share of $30.14
and a 8.04% return on assets.

NetApp, Inc. (NetApp) is a cloud-led, data-centric software company. The Company
delivers a portfolio of cloud services, and storage infrastructure, powered by intelligent
data management software. The Company operates through two segments: Hybrid Cloud
and Public Cloud. Its Hybrid Cloud segment offers a portfolio of storage management
and infrastructure solutions that help customers recast their data centers with 
the power of cloud. This portfolio is designed to operate with public clouds to 
unlock the potential of hybrid, multi-cloud operations. Its Public Cloud segment
offers a portfolio of products delivered primarily as-a-service, including related
support. This portfolio includes cloud storage and data services, and cloud operations
services. It offers a portfolio of cloud-connected all-flash, hybrid-flash, and 
object storage systems. Its solutions and services are generally available on the
public clouds, including Microsoft Azure, Google Cloud Platform and Amazon AWS.

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