Stephens Starts Netskope (NTSK) at Overweight

Stephens analyst Todd Weller initiates coverage on Netskope (NASDAQ: NTSK) with a Overweight rating and a price target of $21.00.

The analyst comments: “We are initiating coverage of Netskope with an Overweight rating and a $21 target price based on an EV/forward revenue multiple of ~9x. We believe that investor sentiment toward the broader SASE space and Netskope is too tilted to the negative. While we acknowledge elements of increasing market maturity and greater competition, we view SASE as a large market with meaningful growth runway. We believe that Netskope has established itself as a leader in SASE with a differentiated offering and is well-positioned to deliver durable 20%+ top-line growth complemented by margin expansion. We believe that recent solid F2Q27 results should serve to increase confidence in the fundamental story. If Netskope can deliver similarly strong performance in 2H FY27, we believe this should be a positive catalyst for the stock through both upside to estimates and multiple expansion.”

For an analyst ratings summary and ratings history on Netskope click here. For more ratings news on Netskope click here.

Shares of Netskope closed at $14.70 yesterday.

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