A Closer Look at 24 Analyst Recommendations For Zscaler
Portfolio Pulse from Benzinga Insights
In the latest quarter, 24 analysts provided mixed ratings for Zscaler (NASDAQ:ZS), with an updated average 12-month price target of $250.75, reflecting a 3.77% increase from the previous target. The ratings range from 'Buy' to 'Neutral', with adjustments made based on Zscaler's performance and market conditions. Zscaler, a cloud-native cybersecurity solutions provider, has shown a notable revenue growth rate of 35.45% as of January 31, 2024, but faces challenges in profitability and efficiency, as indicated by its net margin, ROE, and ROA.
April 17, 2024 | 5:01 pm
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Zscaler received mixed analyst ratings with an updated average 12-month price target of $250.75, indicating a positive outlook based on its strong revenue growth of 35.45%. However, concerns about profitability and efficiency metrics such as net margin, ROE, and ROA may impact investor sentiment.
The increase in the average price target suggests a positive outlook from analysts, reflecting confidence in Zscaler's revenue growth. However, the concerns regarding profitability and efficiency metrics could temper investor enthusiasm, making the overall impact on the stock price likely positive but with caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100