On September 22, Netskope, Inc. rose 5.03% in regular trading, trading at approximately $18.41 per share, with turnover of $130 million.

On the news front, Stephens recently initiated coverage on Netskope, Inc. with an Overweight rating and a $21 price target, representing significant upside from current levels. RBC Capital also raised its price target to $20 from $18, maintaining an Outperform rating. The fresh bullish coverage extends a wave of positive analyst sentiment following the company's fiscal Q2 results reported in early September, in which revenue reached $220.5 million, up 29% year over year, beating the FactSet consensus estimate of $214.2 million. Adjusted loss per share of $0.03 also significantly outperformed the expected $0.07 loss. The company raised its full-year fiscal 2027 revenue guidance to $888 million-$892 million, above the prior $881.2 million consensus. Morgan Stanley highlighted Netskope's expanding AI security product portfolio as a key growth driver, with net new annual recurring revenue returning to 9% year-over-year growth.

The broader cybersecurity sector also provided a tailwind, with CrowdStrike rising 4.93% and Palo Alto Networks gaining 2.32% during the session.

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