Rating Change
Evercore ISI Group analysts upgraded NetApp, Inc. (NASDAQ:NTAP) from In-Line to Outperform on October 07, 2026.
upgradeNASDAQ:NTAP
NetApp, Inc. (NTAP) Upgraded to Outperform at Evercore ISI Group
Evercore ISI Group analysts upgraded NetApp, Inc. (NASDAQ:NTAP) from In-Line to Outperform on October 07, 2026.
At publication ·
What changed
NetApp, Inc. (NASDAQ:NTAP) · upgrade
- Firm
- Evercore ISI Group
- Rating
- In-Line to Outperform
- Price at event
- $235.77
- Market capitalization
- $23.8B
At a glance
Key takeaways
- Evercore ISI Group upgraded NetApp from In-Line to Outperform on October 7, 2026, suggesting analysts see improving fundamentals or favorable risk-reward prospects.
Market Context
NetApp, Inc. operates in the Technology sector. The stock currently trades at $235.77 with a market capitalization of $23.8B. The stock has gained 106.0% over the past 52 weeks.
Analyst upgrades often act as catalysts for near-term price movement, particularly when they come from major firms with significant institutional following. Evercore ISI Group's upgrade suggests their analysts see improving fundamentals, a more favorable risk-reward profile, or upcoming catalysts that could drive the stock higher.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for NetApp, Inc.
Among the 10 most recent ratings: 5 Buy, 5 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 07, 2026 | Evercore ISI Group | Outperform | N/A |
| Oct 06, 2026 | TD Cowen | Buy | N/A |
| Oct 02, 2026 | Loop Capital | Buy | N/A |
| Sep 30, 2026 | B of A Securities | Neutral | N/A |
| Sep 03, 2026 | TD Cowen | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View NTAP Stock Page
Frequently Asked Questions
What does the Outperform rating mean for NTAP?
A rating of Outperform from Evercore ISI Group reflects the analyst's outlook on NetApp, Inc. (NASDAQ:NTAP). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the NTAP forecast page.
