Netskope initiated with a Buy at BTIG

BTIG initiated coverage of Netskope (NTSK) with a Buy rating and $27 price target The firm identifies Netskope as one of two pure-plays addressing a large and rapidly growing market for Secure Access Service Edge and a top-three vendor in the space. Independent field checks with over nine contacts lead the firm to believe that the network security market is increasingly shifting towards SASE form factors, the analyst tells investors.