Analyst Shaul Eyal from TD Cowen reiterated a Buy rating on Netskope, Inc. and keeping the price target at $30.00.
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Shaul Eyal has given his Buy rating due to a combination of factors that suggest Netskope, Inc. is well-positioned for growth. The company is set to report its third-quarter fiscal year 2026 results, and the expectations are relatively low, with a projected 28% year-over-year growth in annual recurring revenue (ARR) and a 56% year-over-year decline in net new annual recurring revenue (NNARR). This low bar provides an opportunity for Netskope to exceed expectations, especially as demand for securing autonomous AI systems in enterprises is expected to rise.
Furthermore, the potential for growth is underscored by the increasing need for cybersecurity solutions in response to large-scale AI cyberattacks, such as the one involving Chinese state-sponsored attackers. Netskope’s comprehensive AI-driven security platform, including its unique machine learning-based cloud data loss prevention solution, positions it to capitalize on this demand. Additionally, the growing adoption of agentic AI in organizations, as highlighted by recent surveys, indicates a favorable market environment for Netskope’s offerings, supporting the Buy rating.
In another report released on November 11, RBC Capital also maintained a Buy rating on the stock with a $26.00 price target.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NTSK in relation to earlier this year.