NetApp's Trading Volume Surges 84.88% to $273 Million Ranking 385th in Market Activity

On July 17, 2025, NetApp's trading volume reached $273 million, marking an 84.88% increase from the previous day and ranking 385th in the day's stock market activity. The company's stock price rose by 2.97%, marking the second consecutive day of gains and a total increase of 3.65% over the past two days.

NetApp has received a consensus rating of Hold from analysts, with an average rating score of 2.31. This rating is based on 6 buy ratings, 9 hold ratings, and 1 sell rating. The average price target for NetApp, as estimated by 15 analysts, is $114.34, with a high estimate of $130.00 and a low estimate of $100.00. This average target implies an upside of 9.78% from the current price.

JPMorgan has increased its price target for NetApp from $115 to $130, maintaining an Overweight rating on the stock. The investment firm anticipates significant growth in the latter half of 2025, driven by strong cloud spending trends. However, they advise caution regarding other customer sectors, which are showing heightened sensitivity to broader economic conditions.

NetApp reported record revenue for the fourth quarter and fiscal year 2025, driven by strong growth in all-flash storage and marketplace storage services. The company achieved all-time highs for gross profit, operating profit, operating margin, and EPS in FY25, showcasing its ability to navigate a dynamic environment. All-flash array annualized revenue run rate grew 14% from Q4 a year ago to a record $4.1 billion, with significant market share gains. First-party and marketplace cloud storage services grew 44% year over year in the fourth quarter, contributing to a 22% growth in Public Cloud segment revenue. NetApp closed approximately 150 AI infrastructure and data lake modernization deals in Q4, demonstrating strong momentum in the AI market.

Despite these positive developments, the global macroeconomic outlook remains uncertain, with a general slowdown in growth, lingering inflation concerns, and increased spending caution. NetApp expects some increased spending caution in the US public sector and EMEA, impacting its outlook for fiscal year 2026. The company is incorporating caution in its FY26 outlook due to geopolitical uncertainties and potential impacts from tariffs. Q1 revenue guidance implies a decline of 1% year over year, reflecting a cautious approach to the uncertain macro environment. The divestiture of the Spot business is expected to impact reported Public Cloud and total revenue growth for fiscal year 2026.