NetApp stock gets a USD 260 Loop Capital target
Published on 10/07/2026 at 02:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
NetApp stock (ISIN US64110D1046) was last at USD 228.45 on Nasdaq on October 6, 2026, up 2.09 percent on the session. The latest analyst action came from Loop Capital, which lifted its price target to USD 260 from USD 215 on October 2, 2026, while retaining a Buy rating, according to Markets Insider.
Loop Capital raises its target
The new USD 260 target stands 13.81 percent above the October 6 price. Loop Capital described its view as incrementally positive after NetApp's INSIGHT event, with demand commentary and shorter sales cycles supporting the revision, as Markets Insider reported.
The broader analyst picture is more restrained than the Loop Capital call. MarketBeat reported a Moderate Buy consensus from 18 analysts, with seven Buy ratings, ten Holds and one Strong Buy, alongside an average target of USD 202.53. That average sits 11.34 percent below the latest Nasdaq price, making the USD 260 target an above-consensus view.
Q1 revenue climbed 30 percent
NetApp's fiscal Q1 2027 revenue reached USD 2.03 billion for the quarter ended July 31, 2026, up 30 percent from the prior-year period, while billings rose 36 percent to USD 2.06 billion, according to StorageNewsletter.
All-flash array revenue increased 47 percent to USD 1.3 billion, and public cloud revenue rose 28 percent to USD 206 million in fiscal Q1 2027. Those figures show why the analyst debate centers on whether artificial intelligence infrastructure demand can offset component-cost pressure and competitive intensity.
Guidance sets the next test
NetApp raised fiscal 2027 revenue guidance to USD 7.975 billion-USD 8.225 billion and non-GAAP EPS guidance to USD 9.73-USD 10.03, according to Yahoo Finance. The midpoint implies 17 percent revenue growth and 22 percent non-GAAP EPS growth for the fiscal year.
The margin trade-off remains visible: fiscal Q1 non-GAAP gross margin fell 50 basis points year over year to 70.6 percent, while product gross margin declined 150 basis points sequentially to 54.6 percent. For investors, the key issue is whether higher-margin flash and cloud growth can absorb supply and pricing pressure.
NetApp stock stays near its yearly high
NetApp stock was last at USD 228.45 on Nasdaq on October 6, 2026, against a 52-week range of USD 93.69 to USD 231.90. Its market capitalization was USD 44.8 billion and trading volume reached 2,843,229 shares.
NetApp stock key data
- Company: NetApp, Inc.
- ISIN: US64110D1046
- Ticker: NTAP
- Trading venue: Nasdaq
- Price (as of October 6, 2026, 4:00 p.m. ET): USD 228.45
- Market capitalization: USD 44.8 billion (as of October 6, 2026)
- 52-week range: USD 93.69-USD 231.90
- Sector / Industry: Technology / Software - Infrastructure
