Behind the Scenes of Zscaler's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Zscaler (NASDAQ:ZS), with options trading revealing 81% bearish sentiment. Benzinga's options scanner identified 11 unusual trades, indicating a price target range of $180 to $250 for ZS. The largest trades include both bearish and bullish positions, with a notable volume and open interest in options within the $180 to $250 strike price range. Zscaler, a cloud-native cybersecurity SaaS firm, has seen its stock price increase by 0.73% to $178.34, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $236.67.
April 29, 2024 | 7:46 pm
News sentiment analysis
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NEUTRAL IMPACT
Zscaler's bearish options sentiment and mixed analyst ratings suggest cautious market outlook. Price target consensus at $236.67 contrasts with current price of $178.34.
The bearish sentiment in options trading, combined with the mixed analyst ratings, indicates a cautious but not entirely negative market outlook for Zscaler. The significant volume in options trading suggests investor attention, while the analyst consensus target price higher than the current stock price could imply potential upside, balancing the short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100