Wells Fargo & Company Forecasts Strong Price Appreciation for Netskope (NASDAQ:NTSK) Stock

Netskope (NASDAQ:NTSK) had its target price hoisted by investment analysts at Wells Fargo & Company from $13.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 22.00% from the stock’s current price.

A number of other equities research analysts have also weighed in on NTSK. Morgan Stanley decreased their target price on shares of Netskope from $27.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. KeyCorp upped their price objective on Netskope from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday. Citizens Jmp reduced their price objective on Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. TD Cowen reduced their price objective on Netskope from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, BMO Capital Markets reduced their price objective on Netskope from $26.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.42.

Netskope Stock Performance

NTSK traded down $0.28 during mid-day trading on Thursday, reaching $11.48. 1,043,008 shares of the company traded hands, compared to its average volume of 3,782,681. The stock has a market capitalization of $4.59 billion and a P/E ratio of -81.91. 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 company’s fifty day moving average price is $9.86 and its 200-day moving average price is $14.21. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, March 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company 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. On average, sell-side analysts expect that Netskope will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Netskope

Several hedge funds and other institutional investors have recently modified their holdings of NTSK. Federated Hermes Inc. bought a new position in Netskope in the 3rd quarter worth $18,184,000. New York State Common Retirement Fund bought a new position in Netskope in the 3rd quarter worth $943,000. Principal Financial Group Inc. bought a new position in Netskope in the 3rd quarter worth $27,239,000. New York Life Insurance Co. bought a new position in Netskope in the 3rd quarter worth $31,236,000. Finally, Envestnet Asset Management Inc. bought a new position in Netskope in the 3rd quarter worth $249,000.

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.