Royal Bank Of Canada Boosts Netskope (NASDAQ:NTSK) Price Target to $20.00

Netskope (NASDAQ:NTSK) had its price target hoisted by investment analysts at Royal Bank Of Canada from $18.00 to $20.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 40.54% from the company’s previous close.

Several other research analysts also recently commented on NTSK. Morgan Stanley restated an “overweight” rating and issued a $16.00 target price on shares of Netskope in a research note on Thursday. Oppenheimer increased their price target on shares of Netskope from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. BTIG Research raised their price objective on shares of Netskope from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netskope in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Netskope from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Netskope has an average rating of “Moderate Buy” and a consensus price target of $18.92.

Netskope Stock Performance

NTSK stock traded up $0.48 during midday trading on Thursday, reaching $14.23. 3,557,350 shares of the company’s stock traded hands, compared to its average volume of 4,625,087. The firm has a market capitalization of $5.75 billion and a PE ratio of -70.89. The company has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $11.27. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.16 and a current ratio of 2.17.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.23. The company had revenue of $220.54 million during the quarter. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. As a group, equities analysts anticipate that Netskope will post -0.88 EPS for the current year.

Insiders Place Their Bets

In other Netskope news, Director William J.G. Griffith acquired 610,291 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of $11.82 per share, with a total value of $7,213,639.62. Following the completion of the acquisition, the director owned 610,291 shares of the company’s stock, valued at $7,213,639.62. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Arif Janmohamed sold 1,313,827 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.19, for a total transaction of $12,074,070.13. Following the completion of the transaction, the director owned 336,173 shares in the company, valued at approximately $3,089,429.87. This trade represents a 79.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 1,833,380 shares of company stock valued at $21,960,909 and have sold 3,529,696 shares valued at $33,002,807. 25.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netskope

A number of institutional investors have recently made changes to their positions in NTSK. California State Teachers Retirement System raised its position in shares of Netskope by 2,367.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,471,507 shares of the company’s stock valued at $16,098,000 after buying an additional 1,411,876 shares in the last quarter. Operose Advisors LLC bought a new position in Netskope in the second quarter valued at $56,000. Triumph Capital Management increased its stake in Netskope by 2.9% in the second quarter. Triumph Capital Management now owns 70,505 shares of the company’s stock valued at $771,000 after acquiring an additional 1,977 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Netskope during the second quarter valued at about $2,027,000. Finally, New York Life Insurance Co. bought a new stake in Netskope during the second quarter worth about $11,325,580.

Key Netskope News

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Strong quarterly results: Netskope reported fiscal Q2 revenue of approximately $220.5 million, up 29% year over year, while adjusted EPS of ($0.03) exceeded the consensus estimate of ($0.26). Annual recurring revenue rose 27% to $899 million, and management said results exceeded guidance across every key metric. Netskope fiscal Q2 financial results
• Positive Sentiment: Raised outlook: Netskope forecast fiscal 2027 revenue of $888 million to $892 million, above the $881 million analyst consensus, and narrowed its expected EPS loss to approximately $0.15 versus the consensus loss estimate of $0.32. Third-quarter revenue guidance of $227 million to $229 million and EPS guidance of ($0.04) to ($0.03) also exceeded analyst expectations. Netskope raises fiscal 2027 outlook
• Positive Sentiment: Analyst support increased: Rosenblatt raised its price target to $19 and assigned a Buy rating, BTIG lifted its target to $18 with a Buy rating, and Robert W. Baird raised its target to $20 with an Outperform rating. Analysts collectively rate NTSK “Moderate Buy.”
• Neutral Sentiment: Netskope remains unprofitable, reporting a quarterly loss, but the better-than-expected results and guidance suggest improving operating performance as demand for cloud and AI security grows.

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.