Brokerages Set Netskope Inc. (NASDAQ:NTSK) Price Target at $18.42

Shares of Netskope Inc. (NASDAQ:NTSK) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.4211.

NTSK has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Netskope in a research report on Friday, March 27th. Piper Sandler lowered their price objective on shares of Netskope from $28.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. BTIG Research lowered their price objective on shares of Netskope from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley lowered their price target on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Finally, Wells Fargo & Company boosted their price target on shares of Netskope from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, May 21st.

Netskope Trading Up 5.9%

NASDAQ NTSK opened at $12.86 on Tuesday. Netskope has a twelve month low of $7.66 and a twelve month high of $27.99. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. The stock has a market cap of $5.15 billion and a price-to-earnings ratio of -91.86. The firm’s 50 day moving average price is $10.13 and its two-hundred day moving average price is $13.60.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data 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 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. Equities analysts anticipate that Netskope will post -0.19 EPS for the current year.

Hedge Funds Weigh In On Netskope

Several institutional investors and hedge funds have recently modified their holdings of NTSK. New York Life Insurance Co. bought a new stake in Netskope in the third quarter worth $31,236,000. Federated Hermes Inc. bought a new position in Netskope during the third quarter valued at about $18,184,000. Insight Holdings Group LLC acquired a new stake in shares of Netskope in the third quarter worth about $3,978,000. Tudor Investment Corp ET AL bought a new stake in shares of Netskope during the 3rd quarter worth about $3,928,000. Finally, TD Asset Management Inc bought a new stake in shares of Netskope during the 3rd quarter worth about $5,005,000.

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.