NTSK Falls Nearly 19% Amid Wave Of Price Target Cuts — But Retail Optimistic, Says ‘Things Are Going To Get Better’

• Major brokerages, including Morgan Stanley, BMO, Oppenheimer, Baird, Piper Sandler and TD Cowen, all trimmed price targets.
• Cuts range broadly, signaling a collective reassessment of valuation and near-term growth assumptions.
• Netskope beat earnings estimates in Q1, but investors appeared disappointed by its outlook and signs of slowing growth.

Shares of Netskope Inc. (NTSK) tumbled during Thursday’s session as investors continued to react to the company’s earnings report from the previous day, while a number of analysts lowered their price targets.

At the time of writing, Netskope shares were down nearly 19% during afternoon trade.

Despite the fall, sentiment on Stocktwits remained largely bullish, with many retail investors expressing confidence in the company’s long-term prospects and viewing the selloff as a potential buying opportunity.

Wall Street Trim Targets

Wall Street analysts lowered price targets on Netskope after its Q1 results, according to TheFly. Morgan Stanley cut to $14 from $18 with an ‘Overweight’ rating, citing the need for stronger net-new ARR growth.

RBC Capital and BMO Capital both trimmed to $13 from $14, citing slowing ARR and competition.

Oppenheimer lowered to $16 from $19 and Mizuho cut to $13 from $15. BTIG reduced to $14 from $17, noting weak ARR but raised guidance and AI traction. Baird cut to $16 from $20, Piper Sandler to $18 from $21, and TD Cowen to $19 from $25 amid mixed outlook and CFO departure concerns. Rosenblatt kept its $15 Buy target, calling the selloff an overreaction given strong new-customer wins and AI momentum.

Analysts Remain Positive Despite Lower Targets

Despite the target cuts, most analysts continue to see upside from current levels. Based on Netskope’s last closing price, Morgan Stanley’s revised target implies roughly 13% upside, while Rosenblatt’s $15 target suggests about 21% upside.

Oppenheimer’s $16 target implies nearly 29% upside, Piper Sandler's $18 target points to roughly 45% upside, and TD Cowen's $19 target suggests around 53% upside.

Even the more conservative $13 targets from RBC Capital, BMO Capital, and Mizuho imply modest upside of about 5%, indicating that analysts remain broadly constructive on the stock's longer-term prospects despite near-term execution concerns.

NTSK Guidance, CFO Transition Weigh On Sentiment

Although Netskope’s Q1 fiscal 2027 results beat estimates, investors were underwhelmed by the outlook and slowing growth trends. The company guided Q2 revenue at $213M–$215M (in line with the $213M consensus, according to Fiscal.ai) and full-year revenue at $879M–$883M (matching the $881M estimate). The lack of a meaningful guidance raise disappointed those seeking signs of acceleration. 

Adding uncertainty, CFO Drew Del Matto plans to retire after seven years but will remain during the successor search. 

NTSK Stock: What Retail Sentiment Says

On Stocktwits, retail sentiment around NTSK was in the ‘extremely bullish’ territory, unchanged in the past 24 hours. Message volume was also ‘extremely high.’

On Stocktwits, NTSK’s message volumes surged over 3,333% in the past seven days, indicating a sharp rise in chatter around the stock. 

One trader said they believe “things are going to get better” and added that regulatory changes could increase trading activity and help “the stocks fly”.

Another trader urged investors to “buy the dip,” saying they expect Netskope shares to rebound to the $12.50 level quickly.

One more trader said they see Netskope as a “growing company” benefiting from trends such as AI and cybersecurity, adding that they are holding the stock for a “much higher price” despite analysts’ concerns.

NTSK stock is down 47% in the past 12 months.

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