Citigroup Maintains Buy on Zscaler, Raises Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Zscaler (NASDAQ:ZS) and increased the price target from $235 to $265. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the current trading levels.
January 10, 2024 | 6:19 pm
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Citigroup analyst Fatima Boolani has maintained a Buy rating on Zscaler and raised the price target from $235 to $265, indicating a positive sentiment towards the company's stock performance.
The increase in price target by a major financial institution like Citigroup generally signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 85
RELEVANCE 100