Citizens Jmp Lowers Netskope (NASDAQ:NTSK) Price Target to $17.00

Key Points

• Citizens Jmp cut its target on Netskope from $23 to $17 but kept a "market outperform" rating, with the new target implying about a 69.5% upside from the current share price.
• Several other brokers also trimmed targets (BTIG, BMO, Deutsche Bank, Morgan Stanley), leaving a MarketBeat consensus of a $18.26 average target and an overall "Moderate Buy" rating.
• Netskope traded near $10.03 mid‑day after reporting Q1 revenue up 32.2% year‑over‑year and a slight EPS beat, yet the company remains unprofitable (negative EPS and P/E) with FY2027 guidance around breakeven to slightly negative.

Netskope (NASDAQ:NTSK - Get Free Report) had its target price cut by investment analysts at Citizens Jmp from $23.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. Citizens Jmp's target price points to a potential upside of 69.51% from the company's current price.

Several other equities research analysts have also weighed in on the company. BTIG Research reduced their price objective on Netskope from $22.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, March 12th. BMO Capital Markets reduced their price objective on Netskope from $26.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, March 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Netskope from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Netskope in a research report on Friday, March 27th. Finally, Morgan Stanley decreased their target price on Netskope from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Netskope has an average rating of "Moderate Buy" and an average target price of $18.26.

Netskope Price Performance

Shares of NTSK stock traded up $0.07 during mid-day trading on Friday, hitting $10.03. 851,316 shares of the stock traded hands, compared to its average volume of 3,812,495. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The firm has a market cap of $4.01 billion and a price-to-earnings ratio of -71.16. The company's 50-day simple moving average is $9.78 and its 200-day simple moving average is $15.31. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13.

Netskope (NASDAQ:NTSK - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. The business's revenue was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070--0.060 EPS and its FY 2027 guidance at -0.190--0.190 EPS. As a group, equities research analysts expect that Netskope will post -0.19 earnings per share for the current year.

Institutional Trading of Netskope

Several hedge funds and other institutional investors have recently modified their holdings of NTSK. Chicago Capital LLC acquired a new stake in shares of Netskope in the third quarter worth $2,056,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Netskope during the third quarter worth $72,463,000. Federated Hermes Inc. purchased a new stake in shares of Netskope during the third quarter worth $18,184,000. New York State Common Retirement Fund purchased a new stake in shares of Netskope during the third quarter worth $943,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Netskope during the third quarter worth $27,239,000.

About Netskope

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.

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