Goldman Sachs Reiterates Neutral on Zscaler, Raises Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges reiterated a Neutral rating on Zscaler (NASDAQ:ZS) and raised the price target from $137 to $154.
June 21, 2023 | 1:54 pm
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Goldman Sachs analyst Gabriela Borges reiterated a Neutral rating on Zscaler and raised the price target from $137 to $154.
Goldman Sachs' reiteration of a Neutral rating on Zscaler indicates that the analyst does not expect significant short-term price movement. However, the raised price target from $137 to $154 suggests a positive outlook for the stock in the longer term. The news is important for investors as it provides an updated valuation from a reputable analyst, but the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100