TD Cowen raises target for NetApp stock to USD 250.00

Published on 10/20/2026 at 20:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue rose 30.00 percent. NetApp stock costs EUR 187.09 on October 20, 2026, up 0.08 percent versus the Xetra close.

Analyst target and reporting date

TD Cowen raised its NetApp target from USD 200.00 to USD 250.00 on October 6, 2026.
Fiscal first-quarter revenue rose 30.00 percent to USD 2.03 billion on September 2, 2026.
NetApp stock costs EUR 187.09 at Lang & Schwarz on October 20, 2026 at 8:38 p.m. CEST, 0.08 percent above the Xetra close of October 20, 2026.
NetApp is scheduled to report fiscal second-quarter results on December 1, 2026.

Moderner Serverraum mit Technikern zwischen beleuchteten Rechnerschränken in Rechenzentrum — Fotorealistisches Rechenzentrum symbolisiert NetApp Inc., ISIN US64120B1098, führend in Datenspeicherung und Cloud-Infrastruktur weltweit, Illustration mit AI erstellt.

TD Cowen raised its NetApp price target from USD 200.00 to USD 250.00 and kept a Buy rating in a report dated October 6, 2026, as MarketBeat reported. NetApp stock was trading at EUR 187.09 at Lang & Schwarz on October 20, 2026 at 8:38 p.m. CEST, up 0.08 percent versus the Xetra close of October 20, 2026 at EUR 186.94.

Target rises above consensus

The TD Cowen target is USD 36.80 above NetApp's latest reported Nasdaq price of USD 213.20 used in the analyst comparison, but the two figures come from different venues and are not combined with the euro quotation. MarketBeat also reported a consensus target of USD 213.20 from 19 ratings firms, including 8 Buy ratings, 10 Hold ratings and 1 Strong Buy rating.

Revenue sets a higher bar

NetApp's fiscal first-quarter 2027 revenue reached USD 2.03 billion on September 2, 2026, up 30.00 percent from USD 1.56 billion a year earlier, according to MarketBeat. The company also reported earnings per share of USD 2.58 against a USD 2.12 consensus estimate, a USD 0.46 difference.

Price position and valuation

The euro quotation sits within a 52-week range of EUR 69.35 to EUR 214.90. NetApp's market capitalization was EUR 36.7 billion and its price to earnings ratio was 29.21 on October 20, 2026. The company is listed on Nasdaq under NTAP, and its technology business provides data storage and cloud infrastructure services.

What does December 1 test?

NetApp is scheduled to report fiscal second-quarter 2027 results on December 1, 2026, according to Simply Wall St. The published consensus calls for USD 2.60 in earnings per share and USD 2.10 billion in revenue, giving the next report a clear numerical test after the first-quarter revenue increase.

Trading remains near the daily base

After the Xetra close, NetApp was trading at EUR 187.09 at Lang & Schwarz on October 20, 2026 at 8:38 p.m. CEST, up 0.08 percent versus the Xetra close of October 20, 2026 at EUR 186.94. The further course of trading is shown by the continuously updated real-time quote of NetApp stock.