Netskope, Inc. (NASDAQ:NTSK) is one of the Best Up and Coming Tech Stocks to Buy. Wall Street has a positive outlook on Netskope, Inc. (NASDAQ:NTSK) ahead of its first quarterly results after the IPO, expected to be announced on December 11.
On November 18, Shaul Eyal from TD Cowen reiterated a Buy rating on the stock with an associated price target of $30. Earlier on November 11, Matthew Hedberg from RBC Capital also reiterated a Buy rating on the stock with a $26 price target.
Analyst Shaul Eyal of TD Cowen noted that the company is expected to post 28% year-over-year growth in ARR, along with a 56% year-over-year decline in net new annual recurring revenue during its upcoming fiscal Q3 2026 results. He added that while the projection is relatively low, it sets the stage for Netskope, Inc. (NASDAQ:NTSK) to top expectations for its first quarterly results after the IPO.
Eyal believes that the demand for cybersecurity solutions is expected to rise. This places the company in a strong position to capitalize on the growing demand with its unique machine learning-based cloud data loss prevention solution.
Netskope, Inc. (NASDAQ:NTSK) has already started forming strategic collaborations. On November 18, it announced its collaboration with Microsoft to provide enterprise security for modern AI and cloud environments. As a result of this agreement, Netskope One capabilities have been integrated with Microsoft tools to protect Microsoft customers with comprehensive Data Loss Prevention coverage.
Netskope, Inc. (NASDAQ:NTSK) provides cloud-native cybersecurity solutions, including security, networking, and analytics via its Netskope One platform delivered as a SaaS subscription model.
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Disclosure: None. This article is originally published at Insider Monkey.