Analysts’ Recent Ratings Changes for NetApp (NTAP)

A number of research firms have changed their ratings and price targets for NetApp (NASDAQ: NTAP):

• 6/13/2026 – NetApp was upgraded by Wall Street Zen from “hold” to “strong-buy”.
• 6/8/2026 – NetApp was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 6/2/2026 – NetApp had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $200.00 price target on the stock.
• 6/1/2026 – NetApp had its price target raised by Argus from $130.00 to $200.00. They now have a “buy” rating on the stock.
• 5/29/2026 – NetApp had its “neutral” rating reaffirmed by UBS Group AG. They now have a $160.00 price target on the stock.
• 5/29/2026 – NetApp had its price target raised by Barclays PLC from $120.00 to $199.00. They now have an “overweight” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by JPMorgan Chase & Co. from $110.00 to $150.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Bank of America Corporation from $125.00 to $150.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Citigroup Inc. from $114.00 to $150.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Wells Fargo & Company from $115.00 to $180.00. They now have an “equal weight” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Wedbush from $115.00 to $150.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Susquehanna from $110.00 to $185.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Northland Securities from $137.00 to $171.00. They now have an “outperform” rating on the stock.
• 5/29/2026 – NetApp had its price target raised by Morgan Stanley from $88.00 to $137.00. They now have an “underweight” rating on the stock.
• 5/20/2026 – NetApp had its price target raised by Bank of America Corporation from $118.00 to $125.00. They now have a “neutral” rating on the stock.
• 5/14/2026 – NetApp was downgraded by Citigroup Inc. from “neutral” to “mixed”.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. NetApp’s dividend payout ratio is 32.70%.

Insider Activity at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $163.48, for a total value of $163,480.00. Following the completion of the transaction, the executive vice president directly owned 32,297 shares of the company’s stock, valued at $5,279,913.56. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Lorenzo Daniel De sold 225 shares of NetApp stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $171.09, for a total value of $38,495.25. Following the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $186,488.10. This represents a 17.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,500 shares of company stock worth $448,955 over the last quarter. Company insiders own 0.28% of the company’s stock.

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.