NetApp Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

by | May 28, 2026 | General

NetApp, Inc. (NASDAQ:NTAP) will release earnings for its fourth quarter after the closing bell on Thursday, May 27.

Analysts expect the San Jose, California-based company to report quarterly earnings of $2.27 per share, up from $1.93 per share in the year-ago period. The consensus estimate for NetApp’s quarterly revenue is $1.87 billion (it reported $1.73 billion last year), according to Benzinga Pro.

On April 21, NTAP announced it received the 2026 Google Cloud Infrastructure Modernization Partner of the Year for Storage Award — its seventh such recognition.

NetApp shares gained 2.7% to close at $142.74 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • B of A Securities analyst Wamsi Mohan maintained a Neutral rating and raised the price target from $118 to $125 on May 20, 2026. This analyst has an accuracy rate of 86%.
  • JP Morgan analyst Samik Chatterjee downgraded the stock from Overweight to Neutral and lowered the price target from $125 to $110 on April 16, 2026. This analyst has an accuracy rate of 86%.
  • Citigroup analyst Asiya Merchant maintained a Neutral rating and increased the price target from $110 to $114 on March 2, 2026. This analyst has an accuracy rate of 90%.
  • Wedbush analyst Matt Bryson maintained a Neutral rating with a price target of $115 on Feb. 25, 2026. This analyst has an accuracy rate of 90%.
  • Morgan Stanley analyst Erik Woodring downgraded the stock from Equal-Weight to Underweight and cut the price target from $117 to $89 on Jan. 20, 2026. This analyst has an accuracy rate of 83%.

Considering buying NTAP stock? Here’s what analysts think:

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