RBC Capital analyst Matthew Hedberg raised the firm’s price target on Netskope (NTSK) to $27 from $26 and keeps an Outperform rating on the shares. The company’s first report as a public name saw strong results with another quarter of annual recurring revenue acceleration, which is seemingly the bar in the current software tape, the analyst tells investors in a research note. Strength was broad-based as Netskope’s execution continues to improve even as hiring accelerates, the firm added.
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