This Is What Whales Are Betting On Zscaler
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Zscaler (NASDAQ:ZS), with 80% of the detected trades being bearish. The whales have been targeting a price range from $160.0 to $185.0 for Zscaler over the last 3 months. The price of ZS is up 0.99% at $174.77. Piper Sandler and Barclays have upgraded their action to Overweight with a price target of $190, while Citigroup and Morgan Stanley maintain their ratings with price targets of $190 and $155 respectively.
October 12, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bearish stance taken by a significant investor on Zscaler. Price targets range from $155 to $190 by different analysts.
The bearish stance taken by a significant investor, along with the wide range of price targets set by different analysts, indicates potential volatility for Zscaler's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100