Do Wall Street Analysts Like NetApp Stock?

San Jose, California-based NetApp, Inc. (NTAP) provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures. Valued at $23.2 billion by market cap, the company's storage solutions include specialized hardware, software, and services that provide storage management for open network environments. 

Shares of this pure-play data storage company have underperformed the broader market over the past year. NTAP has gained 18.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.6%. However, in 2026, NTAP stock is up 8.5%, surpassing the SPX’s 8.1% rise on a YTD basis.