Add as a preferred source on GoogleBTIG Lifts Netskope Price Target to $30 From $22, Keeps Buy
BTIG cited stronger demand checks, competitive gains against Zscaler and potential data-protection demand as AI security develops. Netskope's fiscal second-quarter revenue rose 29% to $220.5 million.
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.
The company forecast fiscal third-quarter revenue of $227 million to $229 million. CEO Sanjay Beri said, “We are pleased with our strong second quarter performance, exceeding our guidance across every metric.”