Critical Insights From Zscaler Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Zscaler (NASDAQ:ZS) has seen varied analyst ratings over the last three months, with a recent shift towards more bullish perspectives. The average 12-month price target for ZS has increased to $229.04, reflecting a 10.96% rise from the previous target. Analysts from firms like Truist Securities, Rosenblatt, and Barclays have raised their price targets, indicating a positive outlook on Zscaler's performance. Despite challenges in net margin and ROE, Zscaler's revenue growth outpaces the IT sector average, suggesting strong top-line earnings growth.
February 20, 2024 | 3:00 pm
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Zscaler has experienced a positive shift in analyst ratings, with an increased average 12-month price target of $229.04. This reflects a bullish sentiment among analysts, despite the company's challenges in profitability metrics such as net margin and ROE.
The increase in Zscaler's average 12-month price target by analysts, coupled with its strong revenue growth, suggests a positive short-term outlook for the stock. Despite the company's below-average profitability metrics, the overall bullish sentiment from analysts, as evidenced by the recent upgrades in ratings and price targets, is likely to positively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100