Morgan Stanley Maintains Equal-Weight on Zscaler, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an Equal-Weight rating on Zscaler (NASDAQ:ZS) and increased the price target from $155 to $170.
November 22, 2023 | 1:47 pm
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Morgan Stanley has reaffirmed Zscaler's Equal-Weight rating but raised its price target from $155 to $170, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive sentiment towards Zscaler's stock value in the short term. This could lead to increased investor confidence and a potential rise in the stock price as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100