NTAP Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Growing demand for cloud and AI services boosts NTAP's revenue prospects. Recent partnerships indicate strong market positioning, suggesting upward price momentum.




Bearish Case: Persistent market skepticism and legal issues overshadow potential growth. Recent price underperformance and mixed financial signals imply ongoing downside risks for NTAP.




Potential Outcomes:

1. 50%: NTAP capitalizes on cloud growth, increasing stock price.

2. 30%: Continued market skepticism stifles upward movement.

3. 15%: Legal issues escalate, negatively impacting stock performance.

4. 5%: Broader market downturn affects NTAP significantly.




Trading Oracle: Sign Up to access trading oracle trade ideas.



October 24, 2024


Netapp Forecast

NTAP        Netapp











Correlated Assets

Assets that tend to move strongly with NTAP



SMH Forecast + Options Trading Strategies   SMH  VanEck Vectors Semiconductor (0.92)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (0.9)


CRUS Forecast + Options Trading Strategies   CRUS  Cirrus Logic (0.9)


STX Forecast + Options Trading Strategies   STX  Seagate Technology (0.89)


IVW Forecast + Options Trading Strategies   IVW  BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth (0.89)



Uncorrelated Assets

Assets with little price relationship to NTAP



BWA Forecast + Options Trading Strategies   BWA  BorgWarner (0.0)


JNJ Forecast + Options Trading Strategies   JNJ  Johnson & Johnson (0.0)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.01)


CHAU Forecast + Options Trading Strategies   CHAU  Direxion Daily CSI 300 China A Share Bull 2X Shares (0.01)


APAM Forecast + Options Trading Strategies   APAM  Artisan Partners Asset (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against NTAP



CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (-0.86)


U Forecast + Options Trading Strategies   U  Unity Software (-0.87)


MDB Forecast + Options Trading Strategies   MDB  MongoDB (-0.87)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.87)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)









Become a more profitable investor with AI optimized trading strategies






×

Chat with NTAP


 Ask any question about NTAP!