NetApp Stock Future Price Prediction

NTAP Stock  USD 65.54  0.25  0.38%   
NetApp Inc stock price prediction is an act of determining the future value of NetApp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of NetApp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of NetApp and does not consider all of the tangible or intangible factors available from NetApp's fundamental data. We analyze noise-free headlines and recent hype associated with NetApp Inc, which may create opportunities for some arbitrage if properly timed.
Additionally, see NetApp Basic Forecasting Models to cross-verify your projections.
  
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of NetApp based on different types of headlines from major news networks to social media. The NetApp stock price prediction module provides an analysis of price elasticity to changes in media outlook on NetApp over a specific investment horizon.
Quarterly Earnings Growth
2.48
EPS Estimate Current Year
5.41
EPS Estimate Next Year
5.74
Wall Street Target Price
76.85
EPS Estimate Current Quarter
1.33
Using NetApp hype-based prediction, you can estimate the value of NetApp Inc from the perspective of NetApp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards NetApp using NetApp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards NetApp using crowd psychology based on the activity and movement of NetApp's stock price.
NetApp Cash and Equivalents Turnover is very stable at the moment as compared to the past year. NetApp reported last year Cash and Equivalents Turnover of 1.57. As of 28th of January 2023, Return on Investment is likely to grow to 40.13, while Operating Margin is likely to drop 13.69.

NetApp Short Interest

A significant increase or decrease in NetApp's short interest from the previous month could be a good indicator of investor sentiment towards NetApp. Short interest can provide insight into the potential direction of NetApp stock and how bullish or bearish investors feel about the market overall. An investor who is long NetApp may also wish to track short interest. As short interest increases, investors should be becoming more worried about NetApp and may potentially protect profits, hedge NetApp with its derivative instruments, or be ready for some potential downside.
200 Day MA
68.4802
Short Percent
0.0308
Short Ratio
3.36
Shares Short Prior Month
5.2 M
50 Day MA
65.4434

NetApp Inc Hype to Price Pattern

Investor biases related to NetApp's public news can be used to forecast risks associated with investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of NetApp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about NetApp.

NetApp Implied Volatility

    
  46.11  
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in NetApp. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in NetApp to buy its stock at a price that has no basis in reality. In that case, they are not buying NetApp because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

NetApp after-hype prediction price

    
  USD 65.53  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current NetApp contract

Based on the Rule 16, the options market is currently suggesting that NetApp Inc will have an average daily up or down price movement of about 2.88% per day over the life of the 2023-02-17 option contract. With NetApp trading at USD65.54, that is roughly USD1.89. If you think that the market is fully incorporating NetApp's daily price movement you should consider acquiring NetApp Inc options at the current volatility level of 46.11%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NetApp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NetApp in the context of predictive analytics.
Intrinsic
Valuation
LowReal ValueHigh
58.9981.7083.64
Details
Naive
Forecast
LowNext ValueHigh
59.9661.8963.83
Details
16 Analysts
Consensus
LowTarget PriceHigh
70.0097.69120.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
59.5662.4565.37
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NetApp. Your research has to be compared to or analyzed against NetApp's peers to derive any actionable benefits. When done correctly, NetApp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NetApp Inc.

NetApp After-Hype Price Prediction Density Analysis

As far as predicting the price of NetApp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in NetApp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of NetApp, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

NetApp Estimiated After-Hype Price Volatility

In the context of predicting NetApp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on NetApp's historical news coverage. NetApp's after-hype downside and upside margins for the prediction period are 63.59 and 67.47, respectively. We have considered NetApp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 65.54
65.53
After-hype Price
67.47
Upside
NetApp is very steady asset. Analysis and calculation of next after-hype price of NetApp Inc is based on 3 months time horizon.

NetApp Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as NetApp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NetApp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with NetApp, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.06  1.94   0.01   0.02  12 Events / Month5 Events / MonthIn about 12 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
65.5465.530.02 
1,078  

NetApp Hype Timeline

NetApp Inc is now traded for 65.54. The entity has historical hype elasticity of -0.01 and average elasticity to hype of competition of 0.02. NetApp is forecasted to decline in value after the next headline with the price expected to drop to 65.53. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next newsis expected to be -0.02% whereas the daily expected return is now at -0.06%. The volatility of related hype on NetApp is about 618.33% with expected price after next announcement by competition of 65.56. About 91.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.06. NetApp Inc recorded earning per share (EPS) of 6.57. The entity last dividend was issued on the 5th of January 2023. The firm had 2:1 split on the 23rd of March 2000. Given the investment horizon of 90 days the next forecasted press release will be in about 12 days.
Additionally, see NetApp Basic Forecasting Models to cross-verify your projections.

NetApp Related Hype Analysis

Having access to credible news sources related to NetApp's direct competition is more important than ever and may enhance your ability to predict NetApp's future price movements. Getting to know how NetApp rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how NetApp may potentially react to the hype associated with one of its peers.

NetApp Additional Predictive Modules

Most predictive techniques to examine NetApp price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NetApp using various technical indicators. When you analyze NetApp charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About NetApp Predictive Indicators

The successful prediction of NetApp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as NetApp Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of NetApp based on analysis of NetApp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to NetApp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to NetApp's related companies.
 2015 2020 2022 2023 (projected)
Long Term Debt to Equity4.742.853.844.14
Interest Coverage129.5717.5313.4613.82

Story Coverage note for NetApp

The number of cover stories for NetApp depends on current market conditions and NetApp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that NetApp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about NetApp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

NetApp Short Properties

NetApp's future price predictability will typically decrease when NetApp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of NetApp Inc often depends not only on the future outlook of the potential NetApp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NetApp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding229 M
Cash And Short Term Investments4.1 B
Additionally, see NetApp Basic Forecasting Models to cross-verify your projections. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.48
Market Capitalization
14.1 B
Quarterly Revenue Growth
0.062
Return On Assets
0.0791
Return On Equity
1.5043
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.