NETGEAR

NTGR · NASDAQ

$22.94+$0.18 (+0.79%)TodayMarket closed · Oct 20, 4:54 PM ET

Prev close $22.76

NTGR analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $35.70 (+55.6% upside)

Low: $34.34
Now: $22.94
High: $37.80

Upgrades and downgrades

The latest rating actions, newest first

NTGR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Stifel	Oct 5, 2026	Maintains	Buy	$36.00 → $30.00	62%
Raymond James	Oct 30, 2025	Maintains	Outperform	$29.00 → $37.00	55%

The case for and against

Updated Feb 9, 2026

Bull case

Netgear Inc. has demonstrated strong financial performance, with Networking for Business (NFB) revenue reaching $82.6 million, reflecting a 4.3% quarter-over-quarter growth and a significant 38.0% year-over-year increase. Additionally, the company's Home Networking segment reported revenues of $67.5 million, marking a 10.0% quarter-over-quarter rise and a 13.1% year-over-year gain, driven by an advantageous product mix. Furthermore, Netgear's gross margins across segments have expanded considerably, with NFB gross margins increasing by 1,300 basis points year-over-year and Home Networking gross margins improving by 830 basis points, indicating a robust operational efficiency and positive margin outlook.

Bear case

Netgear Inc. has experienced persistent challenges in its margin profile, with net gross margins (NG GMs) fluctuating between 27.1% and 33.9%, and a negative trend in net operating margins (NG OMs) from CY22A to CY24A after a positive year in CY21A. Additionally, a significant decline in mobile revenue, which fell by 16.1% year-over-year due to weaker service provider demand, further underscores the company's difficulties in maintaining sales growth. Compounding these issues, Netgear's ability to navigate an evolving market landscape and integrate acquisitions effectively may be hampered by potential operational disruptions and competitive pricing pressures, raising concerns about future performance.

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