Robert W. Baird Has Lowered Expectations for Netskope (NASDAQ:NTSK) Stock Price

Netskope (NASDAQ:NTSK) had its target price reduced by investment analysts at Robert W. Baird from $20.00 to $16.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 29.03% from the stock’s current price.

A number of other equities analysts have also recently commented on NTSK. 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. Piper Sandler reissued an “overweight” rating on shares of Netskope in a research note on Thursday. Royal Bank Of Canada cut their target price on Netskope from $19.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Mizuho lowered their price objective on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Netskope in a research note on Friday, March 27th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.05.

Netskope Stock Up 2.6%

Shares of NTSK stock opened at $12.40 on Thursday. The company has a debt-to-equity ratio of 3.71, a current ratio of 2.13 and a quick ratio of 2.12. The stock’s fifty day moving average price is $10.24 and its 200 day moving average price is $13.49. The company has a market cap of $4.96 billion and a price-to-earnings ratio of -88.57. Netskope has a 1-year low of $7.66 and a 1-year high of $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The company’s quarterly 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 expect that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in shares of Netskope in the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of Netskope during the 3rd quarter worth approximately $41,000. Triumph Capital Management raised its position in shares of Netskope by 380.0% during the 4th quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after purchasing an additional 1,900 shares during the period. Wells Fargo & Company MN grew 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 buying an additional 2,617 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Netskope in the fourth quarter worth $64,000.

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.