BTIG Lifts Netskope Price Target to $30 From $22, Keeps Buy

BTIG raised its Netskope price target to $30 from $22 on Monday, Nov. 2, while maintaining a Buy rating, a change that pairs a higher valuation mark with an unchanged recommendation. BTIG cited demand checks pointing to improvement from first-half levels, competitive momentum against Zscaler and potential demand for data protection as AI security develops. Netskope reported fiscal second-quarter revenue of $220.5 million for the quarter ended July 31, 2026, up 29% from a year earlier. Annual recurring revenue reached $899 million as of July 31, a 27% increase.

Source: TokenPost