# NetApp, Inc.  Share Price Target ‘$127.37’, now -1.9% Downside Potential

- Link: https://www.directorstalkinterviews.com/netapp-inc.share-price-target-127.37-now-1.9-downside-potential/4121163696
- Published: 2024-07-04T12:42:44+01:00
- Author: Charlotte Edwards

**NetApp, Inc.** with ticker code (NTAP) now have 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 with the
average share target price sitting at $127.37. (at the time of writing). Now with
the previous closing price of $129.88 this is indicating there is a potential downside
of -1.9%. It’s also worth noting that there is a 50 day moving average of $116.32
and the 200 day MA is $94.74. The company has a market capitalization of 26.81B.
The current share price for the company is: $130.26 USD

 The potential market cap would be $26,289,692,700 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 28.19, 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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