RBC Capital Lowers Netskope (NTSK) PT to $23 While Highlighting 2026 as a turning Point for Enterprise AI Adoption

Netskope Inc. (NASDAQ:NTSK) is one of the best up and coming stocks to buy according to Wall Street. On January 5, RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Netskope to $23 from $27, while keeping an Outperform rating on the shares. Hedberg predicts that 2026 will distinguish companies based on their AI readiness. Companies that are prepared for enterprise AI adoption are expected to see clear benefits, while those lagging may struggle against the ‘AI is the death of software’ sentiment. The firm noted that corporate spending is stabilizing and GenAI is fueling innovation, but management teams are still providing cautious financial guidance for early 2026.

Earlier on December 12, Deutsche Bank analyst Brad Zelnick raised the firm’s price target on Netskope Inc. (NASDAQ:NTSK) to $26 from $25, while maintaining a Buy rating on the shares. This sentiment was posted following the company’s Q3 2025 earnings report.

RBC Capital Lowers Netskope (NTSK) PT to $23 While Highlighting 2026 as a turning Point for Enterprise AI Adoption

On the same day, RBC Capital analyst Matthew Hedberg raised the firm’s price target on Netskope to $27 from $26 with an Outperform rating on the shares. In its debut earnings report as a public company on December 11, Netskope delivered impressive results highlighted by a continued acceleration in annual recurring revenue. Hedberg noted that the company’s execution was strong across all areas, as Netskope successfully improved its operational performance even while scaling its workforce.

Netskope Inc. (NASDAQ:NTSK) is a cybersecurity company that provides security, networking, and analytics solutions to the largest enterprises to mid-sized companies worldwide.

While we acknowledge the potential of NTSK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NTSK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.