Morgan Stanley Maintains Equal-Weight on Zscaler, Raises Price Target to $180
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 $170 to $180.
November 28, 2023 | 1:06 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed Zscaler's Equal-Weight rating and raised the price target to $180, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive sentiment towards Zscaler's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains at Equal-Weight, the impact may be moderate rather than strong.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100