Northland Capital Markets has upgraded NetApp Inc (NTAP) to Outperform from Market Perform, signaling a more optimistic outlook for the technology company. This change, effective November 25, 2025, comes as NetApp's current share price stands at $109.25.
The upgrade reflects improved analyst sentiment regarding NetApp's prospects, potentially indicating better-than-expected business performance or enhanced confidence in the company's strategic direction.
Headquartered in San Jose, California, NetApp provides software, systems, and services designed to manage and share data on-premises. The company employs approximately 11,700 people and focuses on creating silo-free infrastructure that integrates observability and AI for effective data management. Its Hybrid Cloud segment offers a comprehensive data storage portfolio, helping customers modernize their data centers, while the Public Cloud segment provides various as-a-service products, including cloud storage and data services.
As of November 1, 2025, analyst consensus on NetApp is a Buy, with 3 Strong Buy, 9 Buy, and 15 Hold ratings among 27 analysts. Upcoming earnings reports are anticipated on September 2, 2026, with an estimated EPS of $1.87 and revenue of $1.7 billion, and on May 28, 2026, with an estimated EPS of $2.30 and revenue of $1.8 billion.
Analyst ratings and price targets, while helpful, are based on various assumptions and estimates that may not always align with actual outcomes. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can evolve as new information becomes available, reflecting the dynamic nature of the market.