Netskope price target lowered to $22 from $27 at BTIG

BTIG analyst Gray Powell lowered the firm’s price target on Netskope (NTSK) to $22 from $27 and keeps a Buy rating on the shares as part of a broader research note on Security/Infrastructure Software names heading into Q4 results after the firm has compiled insights from field checks with contacts in the security space. Directional commentary was mostly positive with the company well-positioned in its core SASE target market, encouraging insights on network/SD-WAN capabilities, and improving go-to-market/name recognition, the analyst tells investors in a research note.