Netskope (NASDAQ:NTSK – Get Free Report) had its price objective cut by equities research analysts at BMO Capital Markets from $14.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 4.84% from the company’s previous close.
Several other analysts have also weighed in on NTSK. BTIG Research cut their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a report on Thursday. Citizens Jmp reduced their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 12th. William Blair set a $21.00 target price on Netskope in a report on Thursday, March 12th. Finally, Morgan Stanley reduced their target price on Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.84.
Get Our Latest Analysis on Netskope
Netskope Trading Up 2.6%
Netskope (NASDAQ:NTSK – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities analysts forecast that Netskope will post -0.19 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NTSK. New York State Common Retirement Fund acquired a new position in Netskope during the third quarter valued at $943,000. Principal Financial Group Inc. acquired a new position in Netskope during the third quarter valued at $27,239,000. Envestnet Asset Management Inc. acquired a new position in Netskope during the third quarter valued at $249,000. SBI Securities Co. Ltd. acquired a new position in Netskope during the third quarter valued at $89,000. Finally, Assetmark Inc. acquired a new position in Netskope during the third quarter valued at $83,000.
Key Headlines Impacting Netskope
Here are the key news stories impacting Netskope this week:
- Positive Sentiment: Netskope reported fiscal Q1 2027 results with EPS of -$0.06, beating expectations of -$0.07, and revenue rose 27.8% year over year to $201.59 million. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results
- Positive Sentiment: The company raised guidance for both Q2 and full-year fiscal 2027, with revenue outlooks above consensus and EPS guidance slightly better than expected, signaling continued growth momentum. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results
- Positive Sentiment: Netskope announced new AI-related initiatives, including AI Command Center and participation in Anthropic’s Project Glasswing, which could strengthen its product story in a hot enterprise AI security market. Netskope Joins Anthropic’s Project Glasswing
- Neutral Sentiment: Robert W. Baird cut its price target to $16 from $20 while reiterating an outperform rating, suggesting analysts still see upside despite lower near-term expectations. Benzinga
- Neutral Sentiment: BTIG Research lowered its target to $14 from $17 and maintained a buy rating, reflecting a more cautious valuation view but no change in its constructive stance. Benzinga
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.
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