A Closer Look at Zscaler's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Zscaler (NASDAQ:ZS), with options activity indicating a divided mood: 46% bullish and 53% bearish. Notable options trades suggest a price target range of $150-$230. Zscaler, a SaaS firm specializing in cybersecurity, has seen its stock price decrease by 1.0% to $196.7. Analysts have set an average price target of $245.8, with ratings ranging from Equal-Weight to Buy. The next earnings report is expected in 80 days.
March 11, 2024 | 2:46 pm
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Zscaler has seen a bearish sentiment from large investors, with a notable options activity suggesting a price target range of $150-$230. The stock is currently down, and analysts have set an average price target of $245.8.
The bearish sentiment among large investors, as indicated by the options activity, suggests potential downward pressure on Zscaler's stock price in the short term. However, the analysts' higher price targets and the current negative price movement make the outlook mixed but lean towards a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100