Oppenheimer Maintains Outperform on Zscaler, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Zscaler but lowers the price target from $260 to $230.
September 04, 2024 | 2:19 pm
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Oppenheimer's analyst Ittai Kidron continues to rate Zscaler as Outperform, indicating confidence in the company's performance. However, the price target is reduced from $260 to $230, suggesting a more conservative outlook on its stock price.
The Outperform rating suggests continued confidence in Zscaler's performance, but the lowered price target indicates a more cautious approach to its stock valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100