Netskope (NASDAQ:NTSK) Given New $14.00 Price Target at BTIG Research

Netskope (NASDAQ:NTSK) had its price objective dropped by investment analysts at BTIG Research from $17.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 12.90% from the stock’s current price.

A number of other research firms have also recently weighed in on NTSK. Mizuho cut their price target on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. BMO Capital Markets cut their price target on Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft dropped their target price on Netskope from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. FBN Securities started coverage on Netskope in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.26.

Netskope Stock Performance

NASDAQ NTSK opened at $12.40 on Thursday. Netskope has a fifty-two week low of $7.66 and a fifty-two week high of $27.99. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of -88.57. The business has a fifty day moving average of $10.24 and a 200-day moving average of $13.49. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt-to-equity ratio of 3.71.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $201.59 million during the quarter. The firm’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. As a group, analysts predict that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NTSK. New York State Common Retirement Fund purchased a new position in Netskope in the third quarter valued at about $943,000. Principal Financial Group Inc. purchased a new position in Netskope in the third quarter valued at about $27,239,000. Envestnet Asset Management Inc. purchased a new position in Netskope in the third quarter valued at about $249,000. SBI Securities Co. Ltd. purchased a new position in Netskope in the third quarter valued at about $89,000. Finally, Assetmark Inc. purchased a new position in Netskope in the third quarter valued at about $83,000.

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.