Citigroup Maintains Buy on Zscaler, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Buy rating on Zscaler (NASDAQ:ZS) but lowers the price target from $270 to $240.

June 05, 2024 | 3:54 pm
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Citigroup analyst Fatima Boolani maintains a Buy rating on Zscaler but lowers the price target from $270 to $240.
The maintained 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