Morgan Stanley Maintains Equal-Weight on Zscaler, Lowers Price Target to $202
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala maintains an Equal-Weight rating on Zscaler (NASDAQ:ZS) but lowers the price target from $214 to $202.
May 24, 2024 | 12:25 pm
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Morgan Stanley has maintained its Equal-Weight rating on Zscaler but has lowered the price target from $214 to $202, indicating a cautious outlook.
The lowered price target from $214 to $202 by Morgan Stanley suggests a more cautious outlook on Zscaler's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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