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A Look at NetApp Stock’s Returns and Price Targets

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Stock returns for NetApp

NetApp (NTAP) stock has returned 96% in the last 12 months, 7.3% in the last month, and 6.5% in the last three months. NetApp stock rose 36% in 2016 and almost 60% in 2017. Since the start of 2018, it’s risen just over 52%.

NetApp’s peers Hewlett Packard Enterprise (HPE), IBM (IBM), PureStorage (PSTG), and Dell Technologies (DVMT) have generated returns of 13%, -3%, 45%, and 16%, respectively, so far in 2018.

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Analysts’ recommendations

Of the 29 analysts tracking NetApp, ten have recommended “buys,” 16 have recommended “holds,” and three have recommended “sells” on the stock.

Analysts’ 12-month average price target for NetApp is $78.38, and their median estimate is $79.00. NetApp is trading at a premium of 5.0% to analysts’ median estimate.

Moving averages

On August 8, NetApp closed the trading day at $82.97. Based on that price, the stock was trading as follows:

  • 14.4% above its 100-day moving average of $72.51
  • 5.9% above its 50-day moving average of $78.37
  • 2.4% above its 20-day moving average of $81.05

MACD and RSI

NetApp’s 14-day MACD (moving average convergence divergence) is 2.14. A stock’s MACD marks the difference between its short-term and long-term moving averages. NetApp’s positive MACD score indicates an upward trading trend.

NetApp has a 14-day RSI (relative strength index) score of 63, which shows that the stock is trading close to overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.

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