Unpacking the Latest Options Trading Trends in Zscaler
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment towards Zscaler (NASDAQ:ZS) among deep-pocketed investors, with a notable division in sentiment (36% bullish, 63% bearish). The trading activity suggests a price target range of $110 to $300 for ZS in the next three months. Zscaler, a SaaS firm specializing in cybersecurity, has seen its stock price increase by 1.67% to $229.93. Analyst opinions on ZS vary, with an average price target of $244.8, though ratings range from Overweight to Neutral.
February 23, 2024 | 7:46 pm
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NEUTRAL IMPACT
Deep-pocketed investors show a bearish sentiment towards Zscaler, with a significant amount of options trading activity suggesting a price target range of $110 to $300. The stock has recently increased by 1.67% to $229.93, with mixed analyst ratings and an average price target of $244.8.
The bearish sentiment from options trading could indicate potential volatility or downside risk for Zscaler's stock in the short term. However, the recent price increase and mixed analyst ratings suggest a level of uncertainty about the stock's direction, leading to a neutral score. The high relevance is due to the direct mention and focus on ZS, with significant importance given the potential impact of options trading trends and analyst opinions on investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100