Canaccord Genuity Maintains Buy on Zscaler, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity maintains a Buy rating on Zscaler but lowers the price target from $260 to $220.
June 04, 2024 | 2:28 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Zscaler but lowers the price target from $260 to $220.
The maintained Buy rating suggests continued confidence in Zscaler's long-term prospects. However, the lowered price target indicates some concerns or adjustments in valuation, which could lead to mixed short-term reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100