Netskope price target lowered to $23 from $27 at Citizens

Citizens analyst Trevor Walsh lowered the firm’s price target on Netskope (NTSK) to $23 from $27 and keeps an Outperform rating on the shares. Netskope is viewed as an opportunity for long-term capital appreciation, as its top-line outlook is conservative, creating a favorable backdrop for potential outperformance if sales reps ramp faster, bookings exceed assumptions, or overall capacity expands ahead of plan, the analyst tells investors in a research note.