NetApp stock gains after strong results and higher targets

Published on 09/14/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NetApp stock closed at USD 199.28 on September 14, 2026, near its 12-month high of USD 209.06. MarketBeat said NetApp posted USD 2.58 EPS and USD 2.02 billion revenue in the latest quarter.

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NetApp stock (ISIN US64120B1098) traded at USD 199.28 on September 14, 2026, after MarketBeat said the company posted USD 2.58 in quarterly EPS and USD 2.02 billion in revenue, both above consensus. The shares were also still below the 12-month high of USD 209.06, while market cap stood at USD 39.14 billion.

Quarterly beat sets the tone

According to MarketBeat on September 14, 2026, NetApp reported USD 2.58 EPS versus USD 2.12 expected, and revenue of USD 2.02 billion versus USD 1.84 billion expected. The same report said quarterly revenue rose 29.9 percent from a year earlier, which is the kind of gap that tends to keep the stock on a firmer footing.

MarketBeat also said NetApp's net margin was 19.18 percent and return on equity was 119.13 percent, with analysts now looking for USD 8.32 EPS in the current year. That combination matters more than a single session move because it ties the current valuation to profit power.

Targets still cluster below the share price

According to MarketBeat on September 14, 2026, NetApp carried an average rating of Hold and an average target price of USD 193.86. The same page said Wedbush lifted its target from USD 150 to USD 170, UBS from USD 160 to USD 171, and Susquehanna from USD 185 to USD 195 on September 3, 2026.

That leaves the current market price above the consensus target and above all three updated house targets named in the report. For investors, the split between a strong latest quarter and a still cautious target set is the central tension.

Price stays close to highs

NetApp stock closed at USD 199.28 on September 14, 2026, with a 12-month range of USD 93.69 to USD 209.06 and a market cap of USD 39.14 billion. The stock is therefore trading much closer to its yearly high than its low.