JP Morgan Maintains Neutral Rating for Zscaler: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan maintains a Neutral rating for Zscaler (NASDAQ:ZS) and raises its price target from $129.00 to $146.00. Zscaler's shares are trading up 8.02% over the last 24 hours, at $145.92 per share.
June 02, 2023 | 5:02 pm
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JP Morgan maintains Neutral rating for Zscaler and raises price target to $146.00. Shares are up 8.02% over the last 24 hours.
JP Morgan's decision to maintain a Neutral rating for Zscaler indicates that they do not expect significant short-term price movement. However, the raised price target from $129.00 to $146.00 suggests a slightly positive outlook. The stock has already increased by 8.02% over the last 24 hours, which may have factored in the new price target. Therefore, the short-term impact on Zscaler's stock price is expected to be neutral.
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IMPORTANCE 80
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