BTIG Maintains Buy on Zscaler, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Gray Powell maintains a Buy rating on Zscaler but lowers the price target from $220 to $205.
September 04, 2024 | 2:46 pm
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NEUTRAL IMPACT
BTIG analyst Gray Powell continues to recommend buying Zscaler stock but has reduced the price target from $220 to $205, indicating a slightly less optimistic outlook.
The Buy rating suggests continued confidence in Zscaler's performance, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100