Wells Fargo & Company Forecasts Strong Price Appreciation for Netskope (NASDAQ:NTSK) Stock

Netskope (NASDAQ:NTSK) had its price objective increased by Wells Fargo & Company from $13.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 22.00% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Mizuho dropped their price objective on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. William Blair set a $21.00 price objective on shares of Netskope in a report on Thursday, March 12th. Finally, Rosenblatt Securities assumed coverage on shares of Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.42.

Netskope Price Performance

Netskope stock traded down $0.28 during mid-day trading on Thursday, hitting $11.48. The stock had a trading volume of 1,043,008 shares, compared to its average volume of 3,782,681. The firm has a market capitalization of $4.59 billion and a P/E ratio of -81.91. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. The firm’s 50 day moving average is $9.86 and its 200 day moving average is $14.21. Netskope has a one year low of $7.66 and a one year high of $27.99.

Netskope (NASDAQ:NTSK) last issued its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm 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. On average, sell-side analysts forecast that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. ICONIQ Capital LLC bought a new position in shares of Netskope in the 3rd quarter valued at about $1,506,261,000. Scge Management L.P. bought a new position in shares of Netskope in the 3rd quarter valued at about $312,104,000. Vanguard Group Inc. lifted its holdings in shares of Netskope by 51.5% in the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock valued at $93,536,000 after acquiring an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Netskope by 11.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock valued at $62,469,000 after acquiring an additional 373,529 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Netskope by 14.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after acquiring an additional 456,321 shares during the last quarter.

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.