NetApp (NTAP) Valuation in Focus Following INSIGHT 2025 AI, Cloud, and Cybersecurity Launches

NetApp (NTAP) made waves at its INSIGHT 2025 conference, revealing a slew of new partnerships and product launches designed to power enterprise AI and strengthen cloud and cyber resilience. These announcements shed fresh light on NetApp's strategy for growth.

See our latest analysis for NetApp.

NetApp's fresh wave of AI and cloud product announcements arrives after a strong run in the stock. The share price has gained 12.25% over the last 90 days, showing building momentum, while its 1-year total shareholder return clocks in at 0.28%, a solid figure for investors focused on resilient mid-cap tech names. Over longer periods, the company’s three- and five-year total shareholder returns of 87% and 201% respectively underscore its growth story and ability to adapt to new enterprise demand.

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Given the recent run-up and NetApp’s string of high-profile AI and cloud partnerships, investors are left wondering if the current price reflects all this future upside, or if there is still room for a bargain.

Most Popular Narrative: 2.8% Undervalued

NetApp’s most widely followed narrative places fair value just a notch above its last close, suggesting limited near-term upside while supporting the company’s solid growth outlook. The stage is set for momentum, but how is this value justified?

*Accelerating adoption of AI and analytics workloads across industries is driving demand for unified, high-performance, and scalable data infrastructure, with NetApp securing over 125 AI wins in Q1 (more than doubling year-over-year); this trend is expected to drive revenue and earnings growth as AI deployments move from proofs-of-concept to large-scale production.*

Read the complete narrative.

Curious what financial levers build this valuation? The most popular narrative hinges on a set of bold forecasts, such as revenue expansion, higher profit margins, and powerful earnings growth assumptions. Want to see which projections drive that price target? The details may surprise even the most seasoned investors.

Result: Fair Value of $121.14 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent weakness in key regions and ongoing pressure on product margins could challenge NetApp’s ability to deliver on its bullish growth expectations.

Find out about the key risks to this NetApp narrative.

Build Your Own NetApp Narrative

If you’re the sort who likes to weigh the numbers firsthand or bring your own perspective to the story, it’s easy to construct your own view. Do it your way

A great starting point for your NetApp research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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