BTIG Research Issues Positive Forecast for Netskope (NASDAQ:NTSK) Stock Price

Key Points

• BTIG Research raised Netskope’s price target to $18 from $17 and maintained a “Buy” rating, implying approximately 30.9% upside from the prior close. The analyst consensus is a “Moderate Buy” with an average target of $18.13.
• Netskope delivered a strong quarterly performance, reporting $220.5 million in revenue and an adjusted loss of $0.03 per share, significantly better than the expected $0.26 loss. The company also raised its fiscal 2027 revenue guidance to $888 million–$892 million.
• Profitability remains a risk: Netskope continues to report losses, trades at a negative P/E ratio, and analysts expect a full-year loss despite improving growth prospects tied to cloud security and AI demand.

Netskope (NASDAQ:NTSK - Get Free Report) had its target price increased by equities research analysts at BTIG Research from $17.00 to $18.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 30.91% from the company's previous close.

NTSK has been the subject of a number of other research reports. KeyCorp boosted their price objective on shares of Netskope from $16.00 to $17.50 and gave the company an "overweight" rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Netskope in a report on Monday, August 17th. TD Cowen reaffirmed a "buy" rating and issued a $19.00 price objective on shares of Netskope in a research note on Monday, August 17th. Morgan Stanley decreased their target price on shares of Netskope from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada upped their price target on shares of Netskope from $13.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.13.

Netskope Stock Down 2.1%

Netskope stock opened at $13.75 on Thursday. Netskope has a one year low of $7.66 and a one year high of $27.99. The stock has a fifty day moving average of $13.27 and a 200 day moving average of $11.27. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17. The stock has a market cap of $5.55 billion and a PE ratio of -68.75.

Netskope (NASDAQ:NTSK - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.23. The business had revenue of $220.54 million for the quarter. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. As a group, sell-side analysts predict that Netskope will post -0.88 EPS for the current year.

Insider Transactions at Netskope

In related news, Director Arif Janmohamed sold 336,173 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $9.00, for a total value of $3,025,557.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners Viii bought 64,771 shares of the firm's stock in a transaction dated Monday, July 13th. The shares were acquired at an average price of $12.42 per share, for a total transaction of $804,455.82. Following the completion of the transaction, the insider directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. This represents a 7.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. Corporate insiders own 25.52% of the company's stock.

Institutional Trading of Netskope

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in shares of Netskope in the 4th quarter worth about $25,000. Quarry LP purchased a new stake in shares of Netskope in the 3rd quarter worth $41,000. Triumph Capital Management increased its position in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company's stock valued at $42,000 after purchasing an additional 1,900 shares during the period. Operose Advisors LLC purchased a new position in Netskope during the second quarter valued at approximately $56,000. Finally, Wells Fargo & Company MN raised its position in shares of Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company's stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter.

Netskope News Roundup

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Strong quarterly performance: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS was a loss of $0.03 versus the consensus estimate of a $0.26 loss. Annual recurring revenue increased 27% to $899 million, and management said results exceeded guidance across every metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised financial outlook: Netskope forecast third-quarter revenue of $227 million to $229 million, above analysts’ $226.6 million estimate, and projected a narrower EPS loss of $0.03 to $0.04. Full-year fiscal 2027 revenue guidance was increased to $888 million-$892 million from a consensus estimate of $881 million, while the expected EPS loss of $0.15 is substantially better than the $0.32 analyst forecast. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: AI and cloud-security demand remain a growth catalyst: Coverage highlights Netskope as a smaller cybersecurity company benefiting from increased enterprise adoption of AI, cloud applications and related security tools. AI Boom Powers Growth in Netskope
• Neutral Sentiment: Analyst sentiment is constructive but not uniformly bullish: Analysts currently assign Netskope an average “Moderate Buy” rating. The improved guidance supports potential estimate upgrades, although the company remains unprofitable and trades with a negative P/E ratio. Netskope Given Moderate Buy Rating
• Negative Sentiment: Profitability remains a concern: Despite beating EPS expectations, Netskope still posted a net loss and continues to guide for negative fiscal-year earnings. After the initial positive reaction to the earnings release, investors may be locking in gains following the stock’s rebound from its 52-week low.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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