BTIG Maintains Buy on Zscaler, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Gray Powell maintains a Buy rating on Zscaler (NASDAQ:ZS) but lowers the price target from $258 to $220.

May 31, 2024 | 1:34 pm
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BTIG analyst Gray Powell maintains a Buy rating on Zscaler but lowers the price target from $258 to $220.
The Buy rating suggests continued confidence in Zscaler's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100