Analyst Ups Zscaler's Price Target On Record Pipeline And Rebounding Federal Business
Portfolio Pulse from Nabaparna Bhattacharya
Stifel analyst Adam C. Borg reiterated a Buy rating on Zscaler, Inc. (NASDAQ:ZS) and raised the price target to $150 from $135. The analyst praised Zscaler's Q3 earnings, which surpassed estimates, and noted the company's potential for 25%-30%+ growth and margin expansion in the coming years.
June 02, 2023 | 6:35 pm
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Stifel analyst Adam C. Borg raised Zscaler's price target to $150 from $135, citing strong Q3 earnings and potential for 25%-30%+ growth and margin expansion in the coming years.
The analyst's positive outlook on Zscaler's growth potential and margin expansion, along with the raised price target, indicates a bullish sentiment for the stock. The strong Q3 earnings and the company's ability to adapt to a more complex sales cycle contribute to the positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100