Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for NetApp Inc (NASDAQ: NTAP) weakened recently. NTAP’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
NetApp Inc (NASDAQ: NTAP) stock enjoyed a large increase of 2.1% on 3/7/25. The stock closed at $93.77. Moreover, trading volume in this advance was above average at 134% of normal. The stock has declined -20.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NetApp has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NetApp has a good Appreciation Score of 82 but a slightly negative Power Rating of 31, producing the Neutral Value Trend Rating.
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