JP Morgan Maintains Overweight on Zscaler, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex maintains an Overweight rating on Zscaler but lowers the price target from $230 to $220.
September 04, 2024 | 10:05 pm
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NEUTRAL IMPACT
JP Morgan analyst Brian Essex maintains an Overweight rating on Zscaler, indicating a positive outlook, but lowers the price target from $230 to $220, suggesting a slight reduction in expected upside.
The Overweight rating suggests continued confidence in Zscaler's performance, but the lowered price target indicates a tempered expectation of growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100