Royal Bank Of Canada Has Lowered Expectations for Netskope (NASDAQ:NTSK) Stock Price

Netskope (NASDAQ:NTSK) had its target price cut by Royal Bank Of Canada from $14.00 to $13.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 27.43% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Citizens Jmp dropped their target price on shares of Netskope from $23.00 to $17.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Mizuho lowered their price target on shares of Netskope from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Rosenblatt Securities initiated coverage on Netskope in a report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective on the stock. BMO Capital Markets decreased their price objective on Netskope from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Netskope from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.79.

Netskope Trading Down 17.7%

Shares of NTSK opened at $10.20 on Thursday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 2.12 and a current ratio of 2.13. The company has a market cap of $4.08 billion and a price-to-earnings ratio of -71.95. The stock has a fifty day moving average price of $10.24 and a two-hundred day moving average price of $13.49. Netskope has a 52-week low of $7.66 and a 52-week high of $27.99.

Netskope (NASDAQ:NTSK) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $201.59 million during the quarter. Netskope’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. Analysts predict that Netskope will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Netskope

A number of institutional investors and hedge funds have recently modified their holdings of NTSK. ICONIQ Capital LLC bought a new position in Netskope in the third quarter valued at approximately $1,506,261,000. Scge Management L.P. bought a new position in shares of Netskope in the 3rd quarter worth $312,104,000. Vanguard Group Inc. boosted its position in shares of Netskope by 51.5% in the 4th quarter. Vanguard Group Inc. now owns 5,332,708 shares of the company’s stock worth $93,536,000 after purchasing an additional 1,812,857 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Netskope by 11.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,561,508 shares of the company’s stock worth $62,469,000 after purchasing an additional 373,529 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Netskope by 14.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,556,583 shares of the company’s stock valued at $62,383,000 after purchasing an additional 456,321 shares during the last quarter.

Key Headlines Impacting Netskope

Here are the key news stories impacting Netskope this week:

• Positive Sentiment: Netskope reported fiscal Q1 2027 results with EPS of -$0.06, beating expectations of -$0.07, and revenue rose 27.8% year over year to $201.59 million. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: The company raised guidance for both Q2 and full-year fiscal 2027, with revenue outlooks above consensus and EPS guidance slightly better than expected, signaling continued growth momentum. Netskope Announces Strong Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Netskope announced new AI-related initiatives, including AI Command Center and participation in Anthropic’s Project Glasswing, which could strengthen its product story in a hot enterprise AI security market. Netskope Joins Anthropic’s Project Glasswing
• Neutral Sentiment: Robert W. Baird cut its price target to $16 from $20 while reiterating an outperform rating, suggesting analysts still see upside despite lower near-term expectations. Benzinga
• Neutral Sentiment: BTIG Research lowered its target to $14 from $17 and maintained a buy rating, reflecting a more cautious valuation view but no change in its constructive stance. Benzinga

About Netskope

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.