RBC Capital initiated coverage of Netskope (NTSK) with an Outperform rating and $26 price target The company is well positioned to capitalize on trends around secure access service edge with its “differentiated,” cloud-native platform, the analyst tells investors in a research note. The firm believes Netskope’s model can post 20%-plus growth with building profitability.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTSK:
- JPMorgan Recommends Buy for Netskope, Inc. Due to Strong Market Position and Growth Potential
- Netskope initiated with an Overweight at KeyBanc
- Netskope initiated with an Overweight at Piper Sandler
- Netskope initiated with an Overweight at Morgan Stanley
- Netskope initiated with an Overweight at JPMorgan