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NetApp (NTAP, Technology Hardware Storage & Peripherals) Stock Valuation & Fair Value Trading above fair value

NetApp (NTAP, Technology Hardware Storage & Peripherals) trades at a blended P/E of 23.1, about 29% above its historical normal valuation, with a forward growth estimate of 10.8% and a PEG of 2.13. Analysts' one-year estimates have been hit 36% of the time.

DATA AS OF 2026-08-21
Blended P/E
23.1
Normal P/E
17.8
PEG
2.13
Fwd growth
10.8%
Div yield
1.1%
RSI (14)
72.9
Overbought

The Street vs SeerForecast

Wall Street's mean price target for NTAP is $180.12 across 16 analysts, 6.3% below the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: trading above fair value. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from fairly valued (2026-06-03) to trading above fair value (2026-08-21).

Price and rating by weekClose moved +14.7 percent from 2026-06-03 to 2026-08-17, with 5 rating changes over 21 recorded weeks.2026-06-03: Fairly valued, close 180.53 (recalculated)2026-06-10: Trading above fair value, close 160.17 (recalculated)2026-06-14: Trading above fair value, close 161.12 (recalculated)2026-06-16: Trading above fair value, close 160.77 (recalculated)2026-06-21: Trading above fair value, close 159.23 (recalculated)2026-07-02: Fairly valued, close 153.70 (recalculated)2026-07-06: Fairly valued, close 163.05 (recalculated)2026-07-09: Fairly valued, close 171.21 (recalculated)2026-07-12: Trading above fair value, close 168.87 (recalculated)2026-07-13: Trading above fair value, close 163.93 (recalculated)2026-07-14: Trading above fair value, close 174.55 (recalculated)2026-07-20: Fairly valued, close 161.16 (recalculated)2026-07-22: Fairly valued, close 166.54 (recalculated)2026-07-25: Trading above fair value, close 167.74 (recalculated)2026-07-27: Trading above fair value, close 169.80 (recalculated)2026-07-31: Trading above fair value, close 178.50 (recalculated)2026-08-03: Trading above fair value, close 178.502026-08-07: Trading above fair value, close 189.52 (recalculated)2026-08-10: Trading above fair value, close 189.522026-08-14: Trading above fair value, close 207.08 (recalculated)2026-08-17: Trading above fair value, close 207.081812072026-06-032026-08-17
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

2026-06-03P/E 17.4-2%Fairly valued
2026-06-10P/E 20.4+14%Trading above fair value
2026-06-14P/E 20.4+14%Trading above fair value
2026-06-16P/E 20.4+14%Trading above fair value
2026-06-21P/E 20.4+14%Trading above fair value
2026-07-02P/E 18.9+6%Fairly valued
2026-07-06P/E 18.7+5%Fairly valued
2026-07-09P/E 18.7+5%Fairly valued
2026-07-12P/E 20.4+15%Trading above fair value
2026-07-13P/E 20.4+15%Trading above fair value
2026-07-14P/E 20.4+15%Trading above fair value
2026-07-20P/E 19.8+11%Fairly valued
2026-07-22P/E 19.8+11%Fairly valued
2026-07-25P/E 20.2+14%Trading above fair value
2026-07-27P/E 20.2+14%Trading above fair value
2026-07-31P/E 20.9+18%Trading above fair value
2026-08-03P/E 21.5+21%Trading above fair value
2026-08-07P/E 23.0+29%Trading above fair value
2026-08-10P/E 22.8+28%Trading above fair value
2026-08-14P/E 24.6+38%Trading above fair value
2026-08-17P/E 24.8+39%Trading above fair value
2026-08-21P/E 23.1+29%Trading above fair value ← now

Frequently asked questions

Is NetApp stock overvalued?

At a blended P/E of 23.1 versus its historical normal P/E of 17.8, NetApp trades about 29% above its typical valuation, with a PEG of 2.13 on 10.8% forward growth. tickerseer currently rates it trading above fair value.

What is NetApp's fair value and PEG?

NetApp trades at a blended P/E of 23.1 against a historical normal P/E of 17.8, a PEG of 2.13, and a forward growth estimate of 10.8%.

Has tickerseer's rating of NetApp changed?

tickerseer's rating moved from fairly valued (2026-06-03) to trading above fair value (2026-08-21).

What is the analyst price target for NetApp?

The mean Wall Street price target for NetApp is $180.12 across 16 analysts, 6.3% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Technology Hardware Storage & Peripherals. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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