NetApp (NTAP) is a Top-Ranked Growth Stock: Should You Buy?

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, aiding investors in selecting securities likely to outperform the market in the short term [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score identifies attractive stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, focusing on undervalued stocks [3] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to find sustainable growth opportunities [4] Momentum Score - The Momentum Score capitalizes on price trends, using factors like one-week price changes and monthly earnings estimate changes to identify favorable investment times [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [6] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988, outperforming the S&P 500 [7][9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9][10] Company Spotlight: NetApp (NTAP) - NetApp specializes in enterprise storage and data management solutions, assisting companies in managing cloud environments and adopting advanced technologies [11] - NTAP holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Growth Style Score of A, indicating a projected year-over-year earnings growth of 7.2% for the current fiscal year [12] - Recent upward revisions in earnings estimates and a positive earnings surprise average of +1.7% position NTAP as a potential growth investment [12][13]