Netskope (NASDAQ:NTSK) Price Target Lowered to $16.00 at Robert W. Baird

Netskope (NASDAQ:NTSK) had its price target decreased by Robert W. Baird from $20.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 29.03% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on NTSK. Mizuho dropped their price objective on Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Wells Fargo & Company upped their price objective on shares of Netskope from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. BTIG Research lowered their price objective on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and set a $19.00 price objective (down from $23.00) on shares of Netskope in a research note on Thursday, March 12th. Finally, Rosenblatt Securities began coverage on Netskope in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Netskope has an average rating of “Moderate Buy” and an average price target of $18.05.

Netskope Price Performance

Netskope stock opened at $12.40 on Thursday. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The business has a 50-day simple moving average of $10.24 and a 200 day simple 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. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of -88.57.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $201.59 million during the quarter. Netskope’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. On average, research analysts forecast that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of Netskope

Several large investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Netskope by 36.7% in the first quarter. Bank of America Corp DE now owns 139,103 shares of the company’s stock worth $1,181,000 after acquiring an additional 37,375 shares during the period. Janus Henderson Group PLC bought a new position in shares of Netskope in the first quarter worth about $281,000. California State Teachers Retirement System bought a new position in shares of Netskope in the first quarter worth about $506,000. SummitTX Capital L.P. bought a new position in shares of Netskope in the first quarter worth about $88,000. Finally, Weiss Asset Management LP bought a new position in Netskope during the first quarter valued at approximately $8,957,000.

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.