Is It Finally Time to Buy Zscaler Stock?
After a couple of years of brutal treatment from the market, it looks like Zscaler (NASDAQ: ZS) stock is making a comeback. A rapid rally in recent weeks has sent the cloud security software company's shares from a negative trailing-three-year return to a more healthy looking 47% increase over the last 36 months.
Why the sudden change? Up until recent earnings updates, Zscaler had been reporting slowing revenue growth (an inevitable effect as the company grows larger), but rising employee stock-based compensation. With this most glaring issue getting gradually fixed, is it finally time to buy Zscaler stock?
Pressure is mounting on businesses as the global economy slows in 2023. Some worry a recession is here already. Even the high-flying cloud industry has been experiencing a slowdown as companies tighten their financial belts.
Source Fool.com
Zscaler Inc Stock
With 49 Buy predictions and 1 Sell predictions Zscaler Inc is one of the favorites of our community.
As a result the target price of 204 € shows a positive potential of 25.88% compared to the current price of 162.06 € for Zscaler Inc.
