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Netskope initiated with an Outperform at Baird

Baird initiated coverage of Netskope (NTSK) with an Outperform rating and $27 price target The company’s cloud-native architecture and expanded NewEdge infrastructure footprint make it a share gainer against legacy network vendors as consolidation intensifies around data, the analyst tells investors in a research note. The firm sees accelerating demand tailwinds for Netskope.

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