NetApp (NTAP, $46.24) gets rating boost and price target raise from Cowen
NetApp shares climbed on Monday, after receiving a rating upgrade and a price target hike from Cowen.
Analysts at Cowen boosted their rating on the hybrid cloud data services/management company’s stock to market perform from underperform. Also, they raised their price target on the shares to $45 from $40. According to Cowen analysts,the negative news that led the stock to lose about -20% in August already has been priced into the stock.
However, the analysts did express concern over NetApp’s near-term headwinds such as competition from market incumbents and nascent storage players for product share gain.
But Cowen’s outlook on NetApp is largely optimistic for the long-term. They indicated that NTAP's leadership in hybrid cloud purpose-built storage systems and data management software should help the company generate low-single digit revenue growth and high-single digit EPS growth through 2020. They also praised NetApp’s “industry-leading profitability and capital return to shareholders”.
NTAP sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for NTAP moved below the 200-day moving average on February 05, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where NTAP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NTAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NTAP broke above its upper Bollinger Band on February 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NTAP entered a downward trend on January 29, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on March 09, 2026. You may want to consider a long position or call options on NTAP as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NTAP just turned positive on March 05, 2026. Looking at past instances where NTAP's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NTAP advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.212) is normal, around the industry mean (39.396). P/E Ratio (16.956) is within average values for comparable stocks, (139.567). Projected Growth (PEG Ratio) (1.162) is also within normal values, averaging (1.579). Dividend Yield (0.021) settles around the average of (0.028) among similar stocks. P/S Ratio (3.058) is also within normal values, averaging (82.217).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NTAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock slightly better than average.
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General Information
Provides data management and storage solutions
Industry ComputerCommunications
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