Barclays Maintains Overweight on Zscaler, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia maintains an Overweight rating on Zscaler but lowers the price target from $230 to $200.

September 04, 2024 | 1:53 pm
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Barclays analyst Saket Kalia maintains an Overweight rating on Zscaler but lowers the price target from $230 to $200.
The lowering of the price target from $230 to $200 by Barclays suggests a less optimistic outlook on Zscaler's stock performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100