Netskope (NASDAQ:NTSK) Price Target Raised to $18.00 at JPMorgan Chase & Co.

Netskope (NASDAQ:NTSK) had its price objective increased by analysts at JPMorgan Chase & Co. from $16.00 to $18.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 25.52% from the company’s previous close.

Several other research analysts have also issued reports on NTSK. Piper Sandler boosted their target price on Netskope from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets increased their price target on Netskope from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley boosted their price objective on Netskope from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday. Rosenblatt Securities upped their price objective on Netskope from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada increased their target price on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.03.

Netskope Trading Up 4.3%

Shares of Netskope stock traded up $0.59 during trading on Thursday, hitting $14.34. The stock had a trading volume of 12,942,447 shares, compared to its average volume of 4,697,427. The firm’s fifty day simple moving average is $13.27 and its 200-day simple moving average is $11.27. The stock has a market cap of $5.79 billion and a PE ratio of -71.70. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.17 and a quick ratio of 2.16. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.23. The firm had revenue of $220.54 million for the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, sell-side analysts expect that Netskope will post -0.88 EPS for the current fiscal year.

Insider Buying and Selling at Netskope

In other Netskope news, Director William J.G. Griffith bought 64,771 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought at an average cost of $12.42 per share, for a total transaction of $804,455.82. Following the acquisition, the director directly owned 916,690 shares in the company, valued at approximately $11,385,289.80. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lightspeed Venture Partners Se sold 219,075 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $12.23, for a total transaction of $2,679,287.25. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 1,833,380 shares of company stock valued at $21,960,909 and sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netskope

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of Netskope in the 4th quarter worth $25,000. Quarry LP acquired a new position in Netskope during the 3rd quarter valued at about $41,000. Triumph Capital Management increased its position in Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock valued at $42,000 after buying an additional 1,900 shares in the last quarter. Wells Fargo & Company MN raised its stake in Netskope by 261.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock valued at $63,000 after buying an additional 2,617 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in Netskope in the fourth quarter worth about $64,000.

Key Stories Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q2 revenue of approximately $221 million, up 29% year over year, while adjusted loss per share was $0.03 versus the $0.26 loss analysts expected. Annual recurring revenue rose 27% to $899 million, and management said results exceeded guidance across every key metric. Netskope Announces Strong Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $888 million-$892 million from prior expectations, above the roughly $881 million consensus. The company also forecast a fiscal-year loss of $0.15 per share, substantially better than the $0.32 loss analysts had projected. Third-quarter revenue guidance of $227 million-$229 million and an EPS loss of $0.03-$0.04 also exceeded consensus expectations. Netskope Raises Fiscal 2027 Revenue Outlook
• Positive Sentiment: Several firms raised their price targets and maintained bullish ratings: RBC and Robert W. Baird moved to $20 with “outperform” ratings, Rosenblatt raised its target to $19 with a “buy” rating, and BTIG lifted its target to $18 with a “buy” rating. Zacks also upgraded NTSK to Rank #2, or “Buy.”
• Positive Sentiment: Morgan Stanley said Netskope appears well positioned to capture the artificial-intelligence opportunity following the fiscal Q2 upside. Broader investor commentary also highlights the company as a relatively smaller cybersecurity player benefiting from AI-driven demand. Netskope Positioned to Capture AI Opportunity
• Neutral Sentiment: Despite the improved outlook, Netskope remains unprofitable on a GAAP basis, so future performance will depend on sustaining growth while progressing toward profitability.

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.