Bernstein Maintains Outperform on Zscaler, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Peter Weed maintains an Outperform rating on Zscaler (NASDAQ:ZS) but lowers the price target from $280 to $270.
May 31, 2024 | 1:27 pm
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Bernstein analyst Peter Weed maintains an Outperform rating on Zscaler but lowers the price target from $280 to $270.
The Outperform rating suggests continued confidence in Zscaler's performance, but the lowered price target indicates a slight reduction in expected upside. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100