Zscaler Positioned As A Top Beneficiary In Rapidly Evolving Security Landscape, Says Piper Sandler Analyst
Portfolio Pulse from Shivani Kumaresan
Piper Sandler analyst Rob Owens has upgraded Zscaler Inc (ZS) from Neutral to Overweight and raised the price target from $160 to $190. The analyst believes Zscaler is well-positioned to benefit from the transition to next-generation network security architectures, with opportunities for sustained growth from the core ZIA + ZPA proposition. The analyst also sees strong growth prospects and ramping margins for ZS in 4Q and the coming year.
October 02, 2023 | 3:37 pm
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Zscaler Inc (ZS) has been upgraded by Piper Sandler from Neutral to Overweight, with a raised price target of $190. The company is expected to benefit from the transition to next-gen network security architectures.
The upgrade from Piper Sandler, along with the raised price target, indicates a positive outlook for Zscaler. The company's positioning in the evolving security landscape and the expected growth in the network security market are likely to drive its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100