Oppenheimer Reiterates Outperform on Zscaler, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron has reiterated an Outperform rating on Zscaler (NASDAQ:ZS) but has lowered the price target from $290 to $260.
May 31, 2024 | 2:45 pm
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Oppenheimer has reiterated an Outperform rating on Zscaler but has lowered the price target from $290 to $260.
The reiteration of the Outperform rating suggests continued confidence in Zscaler's performance, but the lowered price target indicates some caution regarding its short-term potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100