Netskope (NASDAQ:NTSK) Now Covered by Rosenblatt Securities

Key Points

• Rosenblatt Securities initiated coverage with a Buy rating and a $15.00 price target, implying about a 65.75% upside from the stock's prior close.
• Analyst sentiment is broadly positive with one Strong Buy, 17 Buys, 1 Hold and 1 Sell, giving a consensus rating of “Moderate Buy” and a consensus target of $18.68, though several firms recently trimmed their price targets.
• Netskope reported Q4 EPS of -$0.04 (beating estimates by $0.02) and revenue of $196.33M (up 32.2% YoY); shares trade around $9.05 with a market cap of $3.62B and a negative P/E, while FY/Q1 2027 guidance remains negative.

Equities researchers at Rosenblatt Securities started coverage on shares of Netskope (NASDAQ:NTSK - Get Free Report) in a report issued on Tuesday,Benzinga reports. The brokerage set a "buy" rating and a $15.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 65.75% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. FBN Securities started coverage on Netskope in a research report on Wednesday, February 25th. They issued an "outperform" rating and a $15.00 price objective for the company. TD Cowen cut their price objective on Netskope from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada dropped their target price on Netskope from $19.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 12th. BMO Capital Markets dropped their target price on Netskope from $26.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 12th. Finally, William Blair set a $21.00 target price on Netskope in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Netskope presently has an average rating of "Moderate Buy" and a consensus target price of $18.68.

Netskope Trading Up 4.4%

Shares of NTSK opened at $9.05 on Tuesday. The stock has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $16.31. 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 has a 52-week low of $7.66 and a 52-week high of $27.99. The company has a market cap of $3.62 billion and a price-to-earnings ratio of -64.64.

Netskope (NASDAQ:NTSK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $196.33 million during the quarter. The firm's quarterly revenue was up 32.2% on a year-over-year basis. Netskope has set its Q1 2027 guidance at -0.070--0.060 EPS and its FY 2027 guidance at -0.190--0.190 EPS.

Institutional Investors Weigh In On Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTSK. ICONIQ Capital LLC bought a new stake in shares of Netskope in the 3rd quarter valued at about $1,506,261,000. Scge Management L.P. bought a new stake in shares of Netskope in the 3rd quarter valued at about $312,104,000. Vanguard Group Inc. bought a new stake in shares of Netskope in the 3rd quarter valued at about $80,006,000. Public Sector Pension Investment Board bought a new stake in shares of Netskope in the 4th quarter valued at about $60,882,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Netskope in the 3rd quarter valued at about $72,463,000.

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.

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.