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.

A Look at NetApp Stock’s Returns and Price Targets

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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