NetApp (NTAP)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-07-07
$165.78+1.36%
Close 2026-07-07 · 1-day change
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Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 14 valuation methods, at three horizons. Current price $165.78. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $166 NTAP trades at 23× p/e, below its 43× p/e peer median, but our blended $140 fair value sits below the price. We hold it with low confidence: our number sits below the analyst range and the peer anchor overstates how cheap it looks. Analysts target $150–$200. Note: our $140 fair value sits below the entire analyst range ($150–$200). Not investment advice.
$150.00 – $200.00 (median $185.00) · 6 analysts · as of 2026-06-02
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 34% over what the business is worth with no growth; closing that gap needs roughly 3.0 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $6.36/sh owner earnings.
Looks cheaper than most peers in the same business.
Richer than its own typical valuation.
Trailing four: 2025-Q3, 2026-Q1, 2026-Q2, 2026-Q3
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $185.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $431.91 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $455.78 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $38.45 | — | — | TTM | high |
| graham number | 12M | $33.33 | — | — | TTM | high |
| Mgmt guidance | 12M | $286.48 | 43.0 | 6.66 | Mgmt | high |
| Peer EV/EBITDA | 12M | $181.56 | 21.4 | 8.60 | TTM | high |
| Peer P/FCF | 12M | $202.29 | 21.6 | 9.35 | TTM | high |
| Peer P/E | 12M | $314.44 | 43.0 | 7.31 | TTM | high |
| Peer P/S | 12M | $150.61 | 4.8 | 31.18 | TTM | high |
| PEG | 12M | $60.07 | 8.2 | 7.31 | TTM | high |
| residual income | 12M | $33.45 | — | — | TTM | high |
| Own P/E history | 12M | $137.15 | 18.8 | 7.31 | TTM | high |
| triangulated | 12M | $327.62 | 43.0 | 7.62 | Triangulated | high |
| Mgmt guidance | 3Y | $468.68 | 43.0 | 10.90 | Mgmt(prov.) | medium |
| Peer P/FCF | 3Y | $307.65 | 21.6 | 14.21 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $504.26 | 43.0 | 11.72 | Analyst | medium |
| Peer P/S | 3Y | $226.85 | 4.8 | 46.97 | guidance | medium |
| PEG | 3Y | $96.34 | 8.2 | 11.72 | Analyst | medium |
| Own P/E history | 3Y | $219.94 | 18.8 | 11.72 | Analyst | medium |
| Mgmt guidance | 5Y | $650.71 | 43.0 | 15.13 | Mgmt(prov.) | high |
| Peer P/FCF | 5Y | $406.87 | 21.6 | 18.80 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $666.89 | 43.0 | 15.50 | Analyst | high |
| Peer P/S | 5Y | $300.01 | 4.8 | 62.12 | guidance | high |
| PEG | 5Y | $127.41 | 8.2 | 15.50 | Analyst | high |
| Own P/E history | 5Y | $290.88 | 18.8 | 15.50 | Analyst | high |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.