Piper Sandler lowered the firm’s price target on Netskope (NTSK) to $21 from $28 and keeps a Neutral rating on the shares. The firm notes the company ended 2026 with another quarter of 30%-plus ARR growth and margin leverage, though a steep deceleration in NNARR growth on a tough comparison was less than many were hoping for after an impressive amount of growth in Q1-Q3. Piper believes Netskope remains well positioned as an AI beneficiary in its security coverage and thinks the 2027 guide leaves room for consistent beats and raises moving forward.
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Read More on NTSK:
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