Netskope (NTSK) Stock Climbs After Blowout Quarter and Analyst Upgrades

TLDR

• Stephens initiated coverage on Netskope (NTSK) with an overweight rating and a $21 price target, implying 24% upside from $17.
• NTSK stock surged 15.65% following a wave of analyst upgrades and raised price targets from JPMorgan, RBC Capital, and BMO Capital.
• Netskope beat Q2 fiscal 2027 earnings, posting a loss of 3 cents per share vs. the expected 7-cent loss, with revenue of $221 million topping the $214.2 million forecast.
• The company raised its full-year outlook after the earnings beat, with annual recurring revenue growing 27% year over year.
• NTSK has surged 75% over the past six months, though it is down 16% year to date and analysts note heavy operating losses remain a concern.

Netskope (NTSK) stock jumped 15.65% on Monday after a wave of analyst price target increases and fresh Wall Street coverage pushed the stock higher. The stock was trading around $17 before the move, and now carries a new $21 price target from Stephens.

Netskope, Inc. Class A Common Stock, NTSK

Stephens kicked off coverage with an overweight rating, setting that $21 target based on an enterprise value-to-forward revenue multiple of roughly 9x. That target implies about 24% upside from current levels.

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