Analysts reiterated a Buy rating for Netskope, identifying its differentiated AI security platform as a primary growth driver. Surging demand for AI security has generated a record sales pipeline. Strong multi-product adoption is currently enhancing customer retention and increasing total account value.
The company reported a 23% year-over-year increase in customers with over $100,000 in annual recurring revenue. Netskope currently trades at a lower forward revenue multiple than its peer Zscaler.
The analysis projects a potential stock upside in the mid-30s without requiring valuation multiple expansion. The report notes a potential risk regarding sales productivity during the second half of fiscal 2027.