Scotiabank Maintains Sector Outperform on Zscaler, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville maintains a Sector Outperform rating on Zscaler (NASDAQ:ZS) but lowers the price target from $250 to $210.
May 31, 2024 | 6:43 pm
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Scotiabank analyst Patrick Colville maintains a Sector Outperform rating on Zscaler but lowers the price target from $250 to $210.
The maintained Sector Outperform rating suggests continued confidence in Zscaler's performance, but the lowered price target indicates some caution regarding its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 70
RELEVANCE 100