Netskope price target lowered to $17 from $23 at Citizens

Citizens lowered the firm’s price target on Netskope (NTSK) to $17 from $23 and keeps an Outperform rating on the shares. Ahead of Q1 earnings, growing concern around frontier AI-driven cyber risks has contributed to a sharp re-rating in cybersecurity valuations despite continued demand for zero-trust and SASE solutions, as highlighted by emerging model behavior risks and updated industry data pointing to ongoing security needs, the analyst tells investors in a research note.