Evaluating Zscaler: Insights From 28 Financial Analysts
Portfolio Pulse from Benzinga Insights
Zscaler (NASDAQ:ZS) received mixed ratings from 28 financial analysts, with an average 12-month price target of $215.32, reflecting an 11.47% increase from the previous target. Analysts' actions include maintaining and raising ratings and price targets, indicating a generally positive outlook on the company's performance. Zscaler, a SaaS firm specializing in cloud-native cybersecurity, has shown strong revenue growth but below-average profitability and efficiency metrics.
January 31, 2024 | 7:01 pm
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POSITIVE IMPACT
Zscaler's stock may see a positive short-term impact due to the overall increase in price targets and positive ratings from financial analysts, despite mixed sentiments.
The increase in average price targets and the predominance of positive ratings such as 'Buy' and 'Outperform' suggest a bullish sentiment among analysts, which can positively influence investor perception and potentially lead to a short-term increase in Zscaler's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100