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

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

A number of research analysts have recently commented on the stock. FBN Securities initiated coverage on shares of Netskope in a research report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 price objective for the company. Morgan Stanley dropped their price target on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Rosenblatt Securities initiated coverage on shares of Netskope in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $19.00 price target (down from $23.00) on shares of Netskope in a research report on Thursday, March 12th.

Netskope Stock Up 5.3%

Shares of NTSK opened at $12.14 on Tuesday. The company has a 50-day simple moving average of $10.06 and a 200-day simple moving average of $13.73. The firm has a market capitalization of $4.86 billion and a P/E ratio of -86.71. 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.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $196.33 million for the quarter. Netskope’s revenue for the quarter 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, equities research analysts expect that Netskope will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in Netskope in the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of Netskope during the third quarter worth approximately $41,000. Triumph Capital Management increased its holdings in shares of Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Netskope by 261.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after buying an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Netskope during the fourth quarter worth approximately $64,000.

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.