Netskope (NASDAQ:NTSK) Stock Price Target Raised at BTIG Research

Key Points

• BTIG Research raised Netskope’s price target to $30 from $22 and reiterated its “buy” rating, implying 23.46% upside from the stock’s current price.
• Analyst sentiment is broadly positive: Netskope has a consensus “Moderate Buy” rating and an average price target of $19.19, with recent upgrades from Zacks Research, Oppenheimer and Robert W. Baird.
• Netskope reported quarterly EPS of negative $0.03, beating estimates of negative $0.26, while revenue totaled $220.54 million. Despite strong recent share-price performance, the company remains unprofitable, with a negative net margin of 91.84%.

Netskope (NASDAQ:NTSK - Get Free Report) had its price objective lifted by stock analysts at BTIG Research from $22.00 to $30.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price target points to a potential upside of 23.46% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Zacks Research upgraded Netskope from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Oppenheimer raised their target price on shares of Netskope from $16.00 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Robert W. Baird lifted their target price on shares of Netskope from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Mizuho set a $16.00 price target on shares of Netskope in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft set a $17.00 price target on shares of Netskope in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.19.

Netskope Price Performance

Shares of NASDAQ NTSK opened at $24.30 on Monday. The stock's 50-day moving average is $18.35 and its two-hundred day moving average is $13.24. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. Netskope has a 1-year low of $7.66 and a 1-year high of $26.71. The company has a market cap of $9.93 billion, a price-to-earnings ratio of -9.53 and a beta of 2.41.

Netskope (NASDAQ:NTSK - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.23. The business had revenue of $220.54 million during the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. Analysts forecast that Netskope will post -0.82 EPS for the current fiscal year.

Insider Activity

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 25.52% of the stock is owned by company insiders.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently bought and sold shares of NTSK. Wasatch Advisors LP acquired a new position in shares of Netskope during the 2nd quarter valued at about $25,107,000. Principal Financial Group Inc. increased its position in Netskope by 31.4% during the first quarter. Principal Financial Group Inc. now owns 2,547,468 shares of the company's stock worth $21,628,000 after purchasing an additional 608,355 shares during the last quarter. New York Life Insurance Co. purchased a new position in Netskope during the second quarter worth approximately $11,325,580. Weiss Asset Management LP purchased a new position in Netskope during the first quarter worth approximately $8,957,000. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Netskope by 117.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 977,786 shares of the company's stock valued at $8,301,000 after purchasing an additional 528,164 shares during the last quarter.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company's Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.

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