Netskope initiated with an Outperform at Mizuho

Mizuho initiated coverage of Netskope (NTSK) with an Outperform rating and $25 price target The firm says its recent checks on the company have been largely favorable. It sees a good likelihood that Netskope will report “healthy” revenue and annual recurring revenue upside going forward. The company is positioned to capitalize on a number of important growth drivers, including rising demand for cloud-based security and networking technologies, the analyst tells investors in a research note.