Zscaler shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $176 to $190.
Portfolio Pulse from Bill Haddad
Barclays has upgraded Zscaler's stock from Equal-Weight to Overweight and raised its price target from $176 to $190. This has resulted in Zscaler shares trading higher.
October 09, 2023 | 2:35 pm
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POSITIVE IMPACT
Zscaler's stock has been upgraded by Barclays from Equal-Weight to Overweight, with a price target increase from $176 to $190. This has led to a rise in Zscaler's share price.
The upgrade from Barclays is a positive signal for Zscaler, indicating increased confidence in the company's performance. The raised price target suggests that Barclays sees potential for further growth in Zscaler's stock, which is likely to attract investors and drive up the share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100