Cybersecurity firm Netskope gains as IPO quiet period ends

Netskope

13/10/2025 11:47

Updates

** Netskope NTSK.O shares rise nearly 2.02% to $22.19 premarket after brokerages start covering the stock following the end of a quiet period related to the cybersecurity firm's IPO

** J.P.Morgan initiates coverage with an "overweight" rating and PT $26

** Brokerage says rising cloud and AI adoption is boosting already strong security demand, with company well-positioned to benefit in key areas such as network, data and AI security

     ** Piper Sandler starts coverage with an "overweight" rating and PT $28; sees company as the fastest-growing organic cyber firm, driven by strong tech, rising margins and a revamped go-to-market strategy aligned with key industry trends

** Morgan Stanley and J.P.Morgan were the lead underwriters for the offering

** NTSK stock closed the previous session at $21.75 compared with the IPO price of $19 apiece

**  The following brokerages started coverage on NTSK

Brokerage
Rating
PT
J.P.Morgan
Overweight
$26
Piper Sandler
Overweight
$28
RBC Capital Markets
Outperform
$26
Deutsche Bank
Buy
$25

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))