Evercore raised target for NetApp stock to USD 300.00

Published on 10/17/2026 at 19:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NetApp reports on December 1, 2026. NetApp stock last stood at EUR 181.33 on October 16, 2026, plus 0.52 percent versus the Xetra close.

Analyst view and trading dates

Evercore ISI raised its target to USD 300.00 on October 7, 2026.
NetApp is scheduled to report fiscal second-quarter results on December 1, 2026.
NetApp stock was last at EUR 181.33 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, plus 0.52 percent versus the Xetra close of October 16, 2026.
NetApp had a USD 40.0 billion market capitalization and a P/E ratio of 28.74.

Moderner Serverraum mit Technikern zwischen beleuchteten Rechnerschränken in Rechenzentrum — Fotorealistisches Rechenzentrum symbolisiert NetApp Inc., ISIN US64120B1098, führend in Datenspeicherung und Cloud-Infrastruktur weltweit, Illustration mit AI erstellt.

NetApp Inc. (ISIN US64110D1046) received an upgrade from Evercore ISI to Outperform, while its price target rose from USD 210.00 to USD 300.00. In a note dated October 7, 2026, CNBC reported that the new target implied 31.00 percent upside from the then-current Nasdaq price. The target stood 47.20 percent above NetApp's USD 203.80 last price on Nasdaq on October 16, 2026 at 4:00 p.m. ET. NetApp stock was last at EUR 181.33 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, plus 0.52 percent versus the Xetra close of EUR 180.40 on October 16, 2026.

December 1 earnings date

NetApp is scheduled to report fiscal second-quarter 2027 results on December 1, 2026. The date is listed as the targeted release date by Stock Titan. That report will give investors a fresh test of the growth expectations reflected in the analyst target.

Range and annual performance

NetApp's Nasdaq price stood within a USD 93.69 to USD 240.87 52-week range on October 16, 2026. At USD 203.80, it was 15.38 percent below the 52-week high. CNBC reported a 113.00 percent year-to-date gain on October 7, 2026, a figure that helps explain why the latest target debate is centered on execution rather than a recovery from depressed levels.

Valuation and peer check

NetApp had a USD 40.0 billion market capitalization and a P/E ratio of 28.74 on October 16, 2026. Stock Titan listed a 0.94 percent dividend yield on October 14, 2026. The valuation sits alongside a scheduled results date that is less than two months away.

Comparison with peers

NetApp Inc.: plus 0.52 percent, P/E 28.74, market capitalization USD 40.0 billion
Hewlett Packard Enterprise Company (NYSE, USD): minus 5.97 percent, P/E 28.71, market capitalization USD 73.2 billion
Dell Technologies Inc. (NYSE, USD): minus 4.62 percent, P/E 26.21, market capitalization USD 287.1 billion

Euro quote after hours

NetApp's euro quote was last at EUR 181.33 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST. The Xetra close was EUR 180.40 on October 16, 2026, putting the euro quote 0.52 percent above that level. The further course of trading is shown by the continuously updated real-time quote of NetApp stock.