12 Tech Stocks with the Biggest Upside Potential

9. Netskope, Inc. (NASDAQ:NTSK)

Potential Upside: 80.36%

Number of Hedge Fund Holders: 44

KeyBanc analyst Eric Heath revised the firm’s price target on Netskope, Inc. (NASDAQ:NTSK) downward to $24 from $28 while reaffirming a Buy rating on January 12. The adjusted price target implies a further 62.62% upside from the current levels. In its assessment of the stock, the firm cited a combination of factors influencing the price target revision, including slightly lower valuation multiples observed among peers, increasing competitive pressure within the cybersecurity sector, and a more cautious outlook for corporate security budgets.

In addition to KeyBanc, RBC Capital also adjusted its price target while maintaining a Buy rating on the stock on January 5. Analyst Matthew Hedberg lowered the firm’s price target for the shares from $27 to $23. The downward-adjusted price target implies a further 55.8% upside from here.

The analyst highlighted that 2026 is expected to be a year in which AI-related tailwinds become increasingly apparent for companies that are well-positioned to adopt enterprise AI solutions. In contrast, companies that are less prepared may continue to face challenges amid the persistent “AI is the death of software” narrative. Matthew Hedberg also added that the enterprise spending appears to be stabilizing and showing improvement in select areas.

Netskope, Inc. (NASDAQ:NTSK) is a cybersecurity company. It provides networking, security, and analytics solutions to the largest enterprises and mid-sized companies globally. The company develops the Netskope One platform, which is a cloud-native platform for accelerating and securing the digital interactions of enterprises. Netskope, Inc. was founded in 2012 and is headquartered in Santa Clara, California.