4.6% Below Target

The consensus price target for NTAP is $167, close to the current price of $159.71 (4.6% implied move). Based on 71 analyst estimates, the stock appears fairly valued near current levels.

NTAP has a consensus rating of "Hold" based on 71 Wall Street analysts. The rating breakdown is mixed, with 36 Hold ratings making up the largest segment. The consensus 12-month price target of $167 implies 4.6% upside from current levels.

NTAP trades at a forward P/E of 20.0065x, representing a moderate valuation. With analysts targeting $167 (4.6% implied move), the stock appears close to fair value.

The most bullish Wall Street analyst has a price target of $200 for NTAP, while the most conservative target is $89. The consensus of $167 represents the median expectation. Our quantitative valuation model projects a bull case target of $275 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

NTAP is heavily covered by Wall Street, with 71 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 26 have Buy ratings, 36 recommend Hold, and 9 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month NTAP stock forecast based on 71 Wall Street analysts shows a consensus price target of $167, with estimates ranging from $89 (bear case) to $200 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $209, with bear/bull scenarios of $131/$275.

Our quantitative valuation model calculates NTAP's fair value at $209 (base case), with a bear case of $131 and bull case of $275. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.

NTAP trades at a forward P/E ratio of 20.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 25.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

NTAP appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $167 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

NTAP analyst price targets range from $89 to $200, a 66% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $167 consensus represents the middle ground. Our model's $131-$275 range provides an independent fundamental perspective.