Citigroup Maintains NetApp (NTAP) Neutral Recommendation
Fintel reports that on November 12, 2025, Citigroup maintained coverage of NetApp (NasdaqGS:NTAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 10.86% Upside
As of November 9, 2025, the average one-year price target for NetApp is $122.41/share. The forecasts range from a low of $101.00 to a high of $147.00. The average price target represents an increase of 10.86% from its latest reported closing price of $110.42 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NetApp is 7,407MM, an increase of 12.40%. The projected annual non-GAAP EPS is 7.41, an increase of 6.23% from the prior forecast.
What is the Fund Sentiment?
There are 1,815 funds or institutions reporting positions in NetApp. This is an increase of 12 owner(s) or 0.67% in the last quarter. Average portfolio weight of all funds dedicated to NTAP is 0.21%, an increase of 2.92%. Total shares owned by institutions increased in the last three months by 4.19% to 226,212K shares. 
The put/call ratio of NTAP is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Primecap Management holds 9,630K shares representing 4.82% ownership of the company. In its prior filing, the firm reported owning 11,167K shares , representing a decrease of 15.96%. The firm decreased its portfolio allocation in NTAP by 7.34% over the last quarter.
Ameriprise Financial holds 6,897K shares representing 3.45% ownership of the company. In its prior filing, the firm reported owning 7,097K shares , representing a decrease of 2.90%. The firm decreased its portfolio allocation in NTAP by 80.09% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 6,863K shares representing 3.44% ownership of the company. In its prior filing, the firm reported owning 7,106K shares , representing a decrease of 3.54%. The firm increased its portfolio allocation in NTAP by 12.01% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,449K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 6,424K shares , representing an increase of 0.39%. The firm increased its portfolio allocation in NTAP by 8.65% over the last quarter.
Geode Capital Management holds 6,417K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 7,112K shares , representing a decrease of 10.83%. The firm decreased its portfolio allocation in NTAP by 8.66% over the last quarter.
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This story originally appeared on Fintel.