NetApp, Inc.

• NTAP Stock Price 24h change: +1.43%. From 97.42 USD to 98.81 USD. The price rebound followed a period of sharp decline, as the market began to stabilize after a major analyst downgrade last week.
• From a technical perspective, the stock is currently in a "Strong Sell" or "Bearish" phase. While the 14-day RSI has recently recovered from an oversold condition (currently around 51), the price remains below key resistance levels including its 50-day ($108.82) and 200-day ($112.08) simple moving averages, indicating ongoing downward pressure.
• Morgan Stanley recently downgraded NTAP to "Underweight" with a price target cut to $89, citing concerns over weakening enterprise spending on storage hardware and rising memory costs.
• NetApp's all-flash array business remains a key growth lever, with revenues in this segment increasing 9% year-over-year to $1 billion, as customers shift toward modern flash storage solutions.
• Analysts are previewing fiscal Q3 2026 earnings with a consensus profit estimate of $1.67 per share, reflecting an 8.4% increase from the prior year, despite recent stock price volatility.
• The global enterprise storage market is projected to see unbridled growth in 2026, driven by the inextricable link between AI workloads and the need for high-performance, cyber-resilient data infrastructure.
• Storage manufacturers are advancing HDD recording technologies to deliver over 100 TB per drive by the decade's end, aiming to meet massive AI data needs without expanding physical data center footprints.

• NTAP Stock Price 24h change: +1.43%. From 97.42 USD to 98.81 USD. Performance boosted by a technical rebound following a recent sell-off and positive long-term valuation outlooks from analysts.
• From a technical perspective, the stock is currently in a "short-term recovery phase" within a broader bearish trend: while moving averages (MA10 to MA200) signal a "Strong Sell" after a 12.5% monthly decline, the RSI at 42.52 and a recent bounce from the $94 level suggest the stock is attempting to stabilize near its 52-week support zones.
• NetApp (NTAP) shares rebounded over 1.4% on January 26, after analysts noted the stock trades at a significant 47% discount to its estimated intrinsic value of $184 based on DCF models.
• On January 22, market reports highlighted that NTAP's P/E ratio of 16.34x remains well below the tech industry average of 22.6x, making it an attractive value play despite a 21% decline over the past year.
• The company recently confirmed a $0.52 quarterly dividend payout on January 21, 2026, reinforcing its commitment to shareholder returns amid macroeconomic uncertainty in the public sector.
• The enterprise storage sector is shifting toward "invisible storage" in 2026, with major players like Pure Storage launching unified data clouds to automate governance and eliminate silos for AI workloads.
• On January 23, the storage industry saw a surge in cyber-resilience activity as Cohesity expanded its identity threat detection portfolio and ExaGrid launched new all-flash tiered backup systems to combat rising SSD-based ransomware threats.