4 Reasons Why This Zscaler Analyst Is Turning Bullish: 'Q1 Feedback Is Positive'
Portfolio Pulse from Priya Nigam
KeyBanc Capital Markets analyst Eric Heath upgraded Zscaler Inc (NASDAQ:ZS) to Overweight with a price target of $220, citing positive Q1 feedback and leadership in the SASE market. The upgrade reflects a modest premium to the over 20% growth group, with reasons including easing competitive concerns, catalysts for SASE adoption, positive channel and survey feedback, and the stock trading in-line with its growth group.
April 18, 2024 | 4:57 pm
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Zscaler Inc upgraded to Overweight by KeyBanc with a $220 price target, reflecting positive market and company outlook.
The upgrade by KeyBanc Capital Markets is based on positive Q1 feedback, leadership in the SASE market, and the stock's alignment with the over 20% growth group. These factors suggest a bullish outlook for Zscaler, potentially leading to an increase in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100