Scotiabank Maintains Sector Outperform on Zscaler, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville maintains a Sector Outperform rating on Zscaler but lowers the price target from $210 to $195.

September 04, 2024 | 1:16 pm
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NEUTRAL IMPACT
Scotiabank has maintained its Sector Outperform rating for Zscaler but has reduced the price target from $210 to $195, indicating a slightly less optimistic outlook.
The maintenance of a Sector Outperform rating suggests continued confidence in Zscaler's performance relative to its sector. However, the lowered price target from $210 to $195 indicates a tempered outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100