Why NetApp, Inc.’s (NTAP) Stock Is Up 5.05%

By Jenna Brashear
August 01, 2026
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate NetApp, Inc. before investing.

In this article, we go over a few key elements for understanding NetApp, Inc.’s stock price such as:

  • NetApp, Inc.’s current stock price and volume
  • Why NetApp, Inc.’s stock price changed recently
  • Upgrades and downgrades for NTAP from analysts
  • NTAP’s stock price momentum as measured by its relative strength

About NetApp, Inc. (NTAP)

Before we jump into NetApp, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

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NetApp, Inc.’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, NetApp, Inc.’s stock price was $178.500.

NetApp, Inc. is up 2.6% from its previous closing price of $173.980.

During the last market session, NetApp, Inc.’s stock traded between $174.040 and $179.810. Currently, there are approximately 197.00 million shares outstanding for NetApp, Inc..

NetApp, Inc.’s price-earnings (P/E) ratio is currently at 28.1, which is low compared to the Technology Hardware, Storage & Peripherals industry median of 37.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

NetApp, Inc. Stock Price History

NetApp, Inc.’s (NTAP) price is currently up 15.34% so far this month.

During the month of July, NetApp, Inc.’s stock price has reached a high of $179.810 and a low of $153.100.

Over the last year, NetApp, Inc. has hit prices as high as $192.830 and as low as $93.690. Year to date, NetApp, Inc.’s stock is up 66.68%.

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What Caused NetApp, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there was 1 analyst who downgraded NetApp, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate NetApp, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on NetApp, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

NetApp, Inc.’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about NetApp, Inc. (NTAP) by visiting AAII Stock Evaluator.

Relative Price Strength of NetApp, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, NetApp, Inc. has a weighted four-quarter relative price strength of 20.74%, which translates to a Momentum Score of 93 and is considered to be Very Strong.

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NetApp, Inc. Stock Price: Bottom Line

As of July 31, 2026, NetApp, Inc.’s stock price is $178.500, which is up 2.6% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like NetApp, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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