BMO Capital analyst Keith Bachman lowered the firm’s price target on Netskope (NTSK) to $14 from $26 and keeps an Outperform rating on the shares. The company’s Q4 results were not as strong as its inaugural post-IPO quarter, the analyst tells investors in a research note. Longer term however, the firm remains positive on the Netskope investment story and believes the company can benefit from its expanding portfolio and AI/agents, adding that the stock’s valuation is attractive, BMO added.
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