NTAP

NetApp, Inc.

TechnologySoftware - InfrastructureNASDAQ

$101.93

+$0.63 (0.62%)today

Conviction

6/ 10

Fair Value$117.93

Upside+15.70%

Signal9.42

Market Cap$20.0B

52W Range$71.84–$126.66

Next EarningsMay 28

Conviction History

Conviction Changes

No conviction changes recorded

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$81.99

Current Price$101.11

Upside / Down-18.9%

P(Undervalued)10.8%

P(20%+ Up)0.6%

P(15%+ Down)60.5%

Fair Value Distribution — percentile bands

10.8% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

7.8%/yr

±4.4% · revenue growth to justify current price

FCF-Based Reverse DCF

7.3%/yr

±2.6% · FCF growth to justify current price

THE GAP

Market pricing margin expansion or capex normalization

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

Bull Case

Queued for analysis

Eagle will generate this view by the next trading session (~6h).

Bear Case

Queued for analysis

Eagle will generate this view by the next trading session (~6h).

Research Feed

sec_10qMar 3

Conviction: unchanged

NTAP Q3 FY2026: Component Cost Inflation Pressures Hybrid Cloud Margins

NTAP Q3 shows solid 4% YoY growth and 12% net income growth, but Hybrid Cloud segment margins compressed 110 bps YoY due to component cost inflation. Core business is resilient (70% gross margins, str...