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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100