Zscaler Stock: A Deep Dive Into Analyst Perspectives (23 Ratings)
Portfolio Pulse from Benzinga Insights
Zscaler (NASDAQ:ZS) has been the subject of 23 analyst ratings over the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target for ZS has increased to $251.87 from $238.22, indicating a positive outlook from analysts. Recent actions by analysts include both upgrades and downgrades, with a notable revenue growth of 35.45% as of January 31, 2024, despite challenges in profitability and asset utilization. Zscaler's financial strategy is highlighted by a low debt-to-equity ratio, suggesting cautious debt management.
March 19, 2024 | 5:01 pm
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POSITIVE IMPACT
Zscaler has received mixed analyst ratings but shows a positive trend with an increased average price target of $251.87. The company's strong revenue growth and cautious debt management strategy are notable, despite challenges in profitability and asset utilization.
The increase in the average price target and the strong revenue growth rate of 35.45% indicate a positive outlook for Zscaler's stock in the short term. Despite the challenges in profitability and asset utilization, the company's cautious approach to debt management and the overall positive sentiment from analysts suggest potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100