Looking At Zscaler's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Zscaler (NASDAQ:ZS), with a split sentiment between bullish and bearish. The trading activity suggests that significant investors are aiming for a price range of $140.0 to $240.0 for Zscaler over the next three months. Jefferies has upgraded their rating to Buy and adjusted the price target to $225, while JMP Securities downgraded its action to Market Outperform with a price target of $225.
November 08, 2023 | 7:16 pm
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NEUTRAL IMPACT
Unusual options activity and mixed analyst ratings could lead to volatility in Zscaler's stock price. The significant options activity suggests a price target range of $140-$240 over the next three months.
The unusual options activity indicates that there is significant interest in Zscaler's stock, which could lead to increased volatility. The mixed analyst ratings from Jefferies and JMP Securities could also influence the stock's price movement. However, it's uncertain whether these factors will lead to a price increase or decrease.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100