Netskope (NASDAQ:NTSK) Price Target Lowered to $13.00 at Wells Fargo & Company

Netskope (NASDAQ:NTSK) had its target price cut by investment analysts at Wells Fargo & Company from $14.00 to $13.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 35.01% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley decreased their price objective on Netskope from $18.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday. William Blair set a $21.00 target price on Netskope in a research report on Thursday, March 12th. BTIG Research dropped their target price on Netskope from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer reduced their price target on Netskope from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Netskope presently has an average rating of “Moderate Buy” and an average price target of $17.16.

Netskope Stock Down 4.0%

Shares of NTSK traded down $0.40 during mid-day trading on Friday, hitting $9.63. 1,980,427 shares of the company’s stock were exchanged, compared to its average volume of 4,102,453. The company has a debt-to-equity ratio of 3.71, a current ratio of 2.13 and a quick ratio of 2.12. Netskope has a 52 week low of $7.66 and a 52 week high of $27.99. The company has a market cap of $3.85 billion and a PE ratio of -68.89. The company has a 50-day simple moving average of $10.26 and a 200 day simple moving average of $13.42.

Netskope (NASDAQ:NTSK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. 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 forecast that Netskope will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in Netskope in the 4th quarter valued at about $25,000. Quarry LP bought a new position in Netskope during the third quarter worth about $41,000. Triumph Capital Management increased its position in Netskope by 380.0% during the fourth quarter. Triumph Capital Management now owns 2,400 shares of the company’s stock worth $42,000 after buying an additional 1,900 shares during the last quarter. Wells Fargo & Company MN increased its position in Netskope by 261.7% during the fourth 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 during the last quarter. Finally, Leonteq Securities AG bought a new stake in Netskope in the fourth quarter valued at approximately $64,000.

Netskope News Roundup

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported Q1 EPS of -$0.06, beating the -$0.07 consensus, and revenue rose 27.8% year over year to $201.6 million, showing continued growth in its cybersecurity business. Article Title
• Positive Sentiment: Management’s guidance for Q2 and FY2027 came in roughly in line to slightly above expectations for both revenue and EPS, which suggests the company still sees healthy demand. Article Title
• Neutral Sentiment: Netskope highlighted strong revenue growth and AI-related product launches on its earnings call, reinforcing the long-term growth story but not enough to offset near-term concerns. Article Title
• Negative Sentiment: Several firms cut price targets on Netskope Inc. (NASDAQ: NTSK) on June 4, including RBC, BMO, BTIG, and Baird, signaling lowered expectations despite most keeping bullish ratings. Article Title
• Negative Sentiment: Analysts and media coverage pointed to a lighter-than-expected recurring revenue beat and softer investor enthusiasm, which appears to be weighing on the stock more than the earnings beat itself. Article Title
• Negative Sentiment: Short interest in NTSK rose 67.1% in May, suggesting more traders are betting on downside momentum after the post-earnings selloff. Article Title

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.