Analyst Shaul Eyal from TD Cowen maintained a Buy rating on Netskope, Inc. and keeping the price target at $25.00.
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Shaul Eyal has given his Buy rating due to a combination of factors tied to Netskope’s strong operating and financial performance. The company delivered robust fourth-quarter results with revenue and annual recurring revenue growing at low-30% rates, record net new ARR, and a clear shift to sustainable profitability, including its first full year of positive free cash flow supported by a predominantly recurring subscription base.
Shaul Eyal’s rating is based on Netskope’s improving margin profile, solid cash position of roughly $1.2 billion, and ongoing transition to annual billing that should enhance visibility and cash generation. He also views the company’s expanding AI-focused security portfolio and positioning for the broader “AI supercycle” as key long-term growth catalysts, making the post-earnings stock pullback appear disconnected from the underlying fundamentals and outlook.
In another report released today, KeyBanc also assigned a Buy rating to the stock with a $15.00 price target.