Canaccord Genuity Maintains Buy Rating for Zscaler: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Canaccord Genuity has maintained its Buy rating for Zscaler (NASDAQ:ZS) and increased its price target from $160.00 to $172.00. Zscaler's shares are currently trading down 0.76% at $141.69 per share. The new price target would represent a 21.39% increase from the current share price.
August 22, 2023 | 5:00 pm
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Canaccord Genuity has maintained its Buy rating for Zscaler and raised its price target, indicating positive sentiment towards the stock. However, Zscaler's shares are currently trading down.
The maintained Buy rating and increased price target from Canaccord Genuity indicates a positive outlook for Zscaler. This could potentially attract investors and drive the stock price up in the short term. However, the current downward trend in Zscaler's share price may offset some of this positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100