Decoding Zscaler's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Zscaler (NASDAQ:ZS) has seen significant options activity, with a mix of bullish and bearish sentiments among investors. The trades suggest a target price range of $150-$185. Notable options trades include both calls and puts, with the largest trades showing a mix of sentiments. Zscaler, a cloud-native cybersecurity solutions provider, has a current stock price of $177.14, with a neutral RSI and an upcoming earnings report in 23 days. Analyst ratings from Cantor Fitzgerald and Keybanc indicate a target price of around $225, with mixed opinions on the stock's future.
May 07, 2024 | 8:46 pm
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Zscaler's options activity reflects a mixed investor sentiment, with a target price range of $150-$185. Analysts have set a higher target price of around $225, despite the stock's current slight decline and neutral RSI.
The mixed options activity, with nearly equal bullish and bearish sentiments, suggests uncertainty about Zscaler's short-term price direction. However, the analyst ratings provide a positive outlook, potentially mitigating any negative impact from the current price decline and neutral RSI. The upcoming earnings report could be a significant catalyst for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100