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Netskope price target lowered to $18 from $27 at Morgan Stanley

Morgan Stanley analyst Meta Marshall lowered the firm’s price target on Netskope (NTSK) to $18 from $27 and keeps an Overweight rating on the shares. While Netskope posted upside to fiscal Q4 consensus, NNARR and NRR growth decelerated, disappointing investors against a cautious market backdrop, the analyst says in a post-earnings note.

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