NetApp pushes deeper into AI data infrastructure, shares extend strong multi-year run

NetApp builds on its NASDAQ-listed data storage franchise with the new StorageGRID 12.1 release and an expanded CGI alliance, while the shares trade firmly higher over one, three and five years.

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 10:56.

NetApp Inc. (US64120B1098) is drawing fresh attention on the NASDAQ as it rolls out new AI-focused storage software and deepens a global services alliance. According to Simply Wall St, NetApp shares trade around 152.45 dollars, with a robust 43.2 percent gain year to date and 47.0 percent over the past 12 months.Simply Wall St analysis on NetApp and StorageGRID 12.1

What the latest AI push involves

Simply Wall St reports that NetApp has launched StorageGRID 12.1, a new release aimed at AI-scale workloads and modern data use cases across globally distributed environments.Simply Wall St coverage of StorageGRID 12.1 The company also expanded its global alliance with CGI to offer subscription-based, AI-ready data infrastructure across hybrid cloud settings, targeting enterprises that run data-intensive and security-sensitive applications at scale.Details on the CGI alliance expansion

NetApp’s move comes as enterprises increasingly look to combine traditional storage with AI-driven analytics and machine learning workloads. The alliance with CGI aims to bundle NetApp’s data infrastructure with consulting and managed services, offering a subscription model that can be deployed across private data centers and public cloud platforms.

How analysts and performance figures frame the stock

MarketBeat data show NetApp shares opened at 152.45 dollars on Friday, trading down around 1.4 percent on the day while still reflecting strong multi-period performance.MarketBeat snapshot of NetApp trading and ratings Based on MarketBeat’s aggregation, the stock carries a consensus rating of "Hold" with an average price target of 169.33 dollars, indicating cautious optimism in the analyst community.MarketBeat consensus data on NetApp

Simply Wall St highlights that over a three-year period NetApp has delivered a 112.3 percent total return, while the five-year figure stands at 106.5 percent, underlining the stock’s long-term compounding profile for shareholders.Simply Wall St performance overview Zacks currently assigns NetApp a Rank #3 (Hold), reflecting a neutral stance as the company navigates the transition toward more all-flash and AI-ready systems.Zacks commentary on NetApp and all-flash adoption

The product behind the stock

NetApp’s portfolio centers on enterprise data storage and management solutions, with its StorageGRID object storage platform as a representative product for modern workloads. StorageGRID 12.1 is built to handle AI-scale data volumes, offering performance and security enhancements for globally distributed architectures that combine on-premises environments with public cloud services.Technical overview of StorageGRID 12.1

Where the stock trades today

The NetApp shares (US64120B1098) trade on NASDAQ at around 152.45 dollars as of 2026-06-27, 06:59 IST, based on live price data referenced by Simply Wall St and INDmoney.INDmoney live NetApp share price

Key data on the NetApp shares

• Company: NetApp Inc.
• ISIN: US64120B1098
• WKN: 898173
• Ticker: NTAP
• Trading venue: NASDAQ
• Price (as of 2026-06-27, 06:59): 152.45 USD
• Market cap: 32.4 billion USD (as of 2026-06-27)
• Sector / industry: Information Technology / Data Storage & Management
• Index membership: S&P 500
• Next earnings date: 2026-08-21

Disclaimer: This text is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. Figures and dates are based on sources cited and may change; readers should consult original documents and current market data before making investment decisions.