Why Does KeyBanc Rate Netskope (NTSK) As “Overweight” With A $15 Price Target?

With strong upside potential, Netskope, Inc. (NASDAQ:NTSK) ranks among the overlooked tech stocks to invest in now. Analysts remain split on price targets even as they stay aligned on the underlying growth story heading into fiscal 2027.

On June 25, 2026, KeyBanc analyst Eric Heath lowered the firm's price target on Netskope, Inc. (NASDAQ:NTSK) to $14 from $15 while keeping an "Overweight" rating. The cut came alongside the firm's first-half 2026 chief investment officer survey, which showed the gap between "IT budget haves and have-nots" widening further. Heath noted that AI and AI-readiness spending jumped in priority by some of the largest margins KeyBanc has tracked since the technology emerged, and the firm recommended investors stick with security, data, infrastructure, and monitoring names as it adjusted targets across that space.

That note followed a June 18, 2026 update from TD Cowen, which reiterated a "Buy" rating on Netskope, Inc. (NASDAQ:NTSK) with a $19 price target after meeting with management. The firm said industry trends remain largely intact and pointed to continued annual recurring revenue acceleration as fiscal 2027 progresses. TD Cowen said free cash flow should inflect higher in the second half of fiscal 2027, a shift it expects to change investor sentiment, and called the stock's current valuation compelling. The stock is down over 30% year-to-date.

Netskope, Inc. (NASDAQ:NTSK) is a California-based cybersecurity company. Founded in 2012, the company offers security, networking, and analytics solutions to a range of enterprises.

While we acknowledge the potential of NTSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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