Stifel cut target to USD 30 for NETGEAR stock

Published on 10/08/2026 at 18:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 168.56 million, up 6.10 percent sequentially. NETGEAR stock costs EUR 20.70 on October 8, 2026 after EUR 20.70.

Key points in brief

Stifel cut its NETGEAR price target from USD 36.00 to USD 30.00 on October 5, 2026 while keeping a Buy rating.
NETGEAR reported USD 168.56 million in second-quarter 2026 revenue and adjusted earnings per share of USD 0.16.
The Lang & Schwarz price was EUR 20.70 on October 8, 2026 at 6:03 p.m. CEST, unchanged from the prior close.

NTGR, US64111Q1040, Illustration mit AI erstellt.

Stifel cut its NETGEAR price target from USD 36.00 to USD 30.00 on October 5, 2026, while maintaining a Buy rating, according to Investing.com. The reference price was EUR 20.70 at Lang & Schwarz on October 8, 2026 at 6:03 p.m. CEST, unchanged from the EUR 20.70 prior close.

Three milestones shape the turnaround

On August 6, 2026, NETGEAR reported second-quarter revenue of USD 168.56 million and adjusted earnings per share of USD 0.16, according to Investing.com. Revenue rose 6.10 percent from the first quarter but declined 1.20 percent from the year-earlier period.

On September 11, 2026, enterprise revenue reached USD 89.00 million, up 7.70 percent year over year, while non-GAAP gross margin reached 54.10 percent, according to Yahoo Finance. Consumer revenue fell to USD 79.60 million, down 9.40 percent year over year.

What does the target cut mean for margins?

Stifel said NETGEAR is entering a second transformation phase. The same report said non-GAAP gross margin had expanded by 1,190 basis points since the first quarter of 2024, while adjusted earnings per share improved from a USD 0.28 loss in that period to USD 0.16 in the latest quarter.

The counterweight is profitability. NETGEAR posted a GAAP net loss of USD 7.25 million in the second quarter of 2026, and operating margin was negative 5.00 percent for that period. The company held USD 174.3 million in cash on June 28, 2026, while operating cash flow was negative USD 10.2 million.

Next report arrives October 28

NETGEAR is scheduled to report third-quarter 2026 results on October 28, 2026, after the market close, with the conference call listed for 5:00 p.m. ET by MarketBeat. Consensus revenue is USD 170.00 million and consensus earnings per share are negative USD 0.05.

NETGEAR was last quoted at USD 23.16 on Nasdaq on October 8, 2026 at 12:08 p.m. ET. Its market capitalization was USD 621.7 million as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of NETGEAR stock.