Netskope (NASDAQ:NTSK) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Netskope (NASDAQ:NTSK) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. FBN Securities began coverage on shares of Netskope in a report on Wednesday, February 25th. They set an “outperform” rating and a $15.00 target price for the company. KeyCorp cut their target price on shares of Netskope from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. William Blair set a $21.00 target price on shares of Netskope in a report on Thursday, March 12th. Robert W. Baird cut their target price on shares of Netskope from $27.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $19.00 target price (down from $23.00) on shares of Netskope in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.58.

Netskope Stock Performance

Shares of NASDAQ NTSK opened at $9.68 on Monday. The company has a current ratio of 2.13, a quick ratio of 2.12 and a debt-to-equity ratio of 3.71. The stock has a market cap of $3.88 billion and a price-to-earnings ratio of -69.14. The company has a 50 day simple moving average of $10.18 and a two-hundred day simple moving average of $16.22. Netskope has a 12 month low of $7.66 and a 12 month high of $27.99.

Netskope (NASDAQ:NTSK) last posted its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $196.33 million for the quarter. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. Netskope has set its Q1 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.190–0.190 EPS.

Institutional Investors Weigh In On Netskope

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new stake in Netskope in the 4th quarter worth $25,000. Quarry LP purchased a new stake in Netskope in the 3rd quarter worth $41,000. Triumph Capital Management increased its holdings in Netskope by 380.0% in the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after acquiring an additional 1,900 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Netskope by 261.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,617 shares of the company’s stock worth $63,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Netskope in the 4th quarter worth $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.